USDT Goes to Zero: How Far Away Are We?
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Bertha
How to ask for help on resetting USDT to zero?
2023-06-07 17:37
Answer list:：
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Vincent
USDT going to zero, also known as reaching zero value or zero distance, refers to the possibility of Tether, the issuer of USDT stablecoin, failing to maintain the 1:1 peg to the US dollar. This could happen due to a variety of factors, including insolvency, loss of trust, or regulatory crackdown. If USDT does reach zero value, it means that each USDT is worth nothing, and investors holding USDT would suffer complete loss of their investment.
Release time 2023 06 07
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Shawn
USDT going to zero (distance to zero) refers to a scenario where the stablecoin USDT, which is pegged to the US dollar, loses its value and becomes worthless. This may occur due to factors such as heavy redemption requests, loss of trust in the stablecoin issuer, or insufficient reserves to back up the USDT tokens. The distance to zero refers to the proximity of USDT's current value to zero, and investors may use this metric as an indicator of the potential risk and volatility in holding USDT.
Release time 2023 06 07
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Randolph
USDT being zeroed out (or zeroed out distance) refers to the situation where the USDT stablecoin loses its peg to the US dollar and its value drops to zero. This can happen when there is a loss of confidence in the issuer or when there is insufficient reserves backing the stablecoin. In other words, the value of USDT becomes worthless and holders of the coin suffer heavy losses. The zeroed out distance refers to the difference between the current price of USDT and its pegged value of $1, with the larger the distance indicating greater uncertainty and risk.
Release time 2023 06 07