Author: @madridbg, through Power Point 2010, using public domain images. criptonoticias
Greetings and welcome dear readers of this wonderful platform, especially to all those who make daily life in the community of @Leofinance, this publication has the character to make an approach on the generalized process of distrust that is occurring on the stablecoins, which in a way seems to be a collateral effect that has been generated through the collapse of the UST of the Terra Luna project, and that has been increased by the bearish break that occurs in the crypto world and Bitcoin in general.
At this point, it is no secret that the Stablecoin represent a valid alternative to be able to support our capital in case of bearish scenarios like the one we are witnessing, now this support is carried out as a result of a stable currency parity in relation to the dollar as the currency of maximum acceptance worldwide.
In this sense, the loss of parity experienced in the UST seems to have accelerated the distrust of users in the different stablecoin known and more precisely in USDT Tether, which in recent weeks has been steadily losing its capitalization process, which generates an activation of the alarms of large, medium and small investors, since the project in general has gone through these ups and downs in previous years from which so far has been well spared.
In the same way it is still a latent threat that we must take into account, since a constant loss of capitalization can lead to increase the distrust of users and destabilize the parity of this currency with the dollar, so we focus on it specifically because I consider that it is the most used at present and where most investors protect their assets in case of falls in the cryptographic world.
Despite the uncertainty that has become notorious in social networks, the same community of Tether developers announce that it is completely false that more than 80% of its backing comes from paper of the Chinese or Asian financial systems, stating that more than 47% of its total reserves are based or backed through bonds associated with the US treasury, so that the CEO of Theter, states that commercial paper only constitutes 25% of the backing of this massive project.
Undoubtedly the current scenario of cryptocurrencies, has aroused widespread despair, product in a certain way of the precedents experienced with Terra and Celsius, so that the ideal is to try to healthily divide our investment portfolio in search of reducing our risk and even more so when we are aware that Theter and Celsius have links associated with large investments in function of loans that could generate great selling pressure and the project comes to make liquidated in their positions near the 17K as many investors project.
In this sense, the idea of diversifying our portfolio and our capital gains strength in a scenario such as the above.
OF INTEREST
