How to avoid risks in the case of USDT plunging?

Rita
3 min readOct 16, 2018

Nuclear Finance APP reported on 13pm, 15th,October 2018, after the “boring” market for many days,BTC ushered in a wave of outbreaks, BTC soared 20% against USDT.The data shows that the price of BTC on the HUOBI Pro once reached to 7591 USDT; OKEX once reached to 8100 UDST, and Biance reached to 7680 USDT.

What is the reason behind the slump in usdt?

The direct reason for the USDT/USD plunging 5% came from investors selling USDT. The famous cryptocurrency analyst Joseph Young also said that investors are selling USDT, so they should not consider the price of BTC to USDT on the exchanges’ list. On Coinbase, Bitstamp and Kraken, The price of BTC is still stable around $6,450 (price at 13pm).

Investors selling USDT comes from the recent bankruptcy rumors of Bitfinex.

How to explain the so-called “conspiracy theory” of USDT plugging?

In order to counter the bankruptcy rumors,Bitfinex refuted the rumors on the official blog and showed its BTC, ETH and EOS cold wallets on 8th,October.

The Nuclear Finance inspected the BTC cold wallet of Bitfinex, find that they currently holds up to 140,000 BTC, nearly $950 million.The total amount in its BTC,ETH and EOS cold wallet are more than $1.4 billion.

Bitfinex says that the operating costs of the platform are low and the operating team is small. The trading of legal currency and cryptocurrency is in normal operation and will continue to reduce the waiting time for fiat money deposit and withdraw.And the relationship with the Noble Banks in Puerto Rico has no impact on its operations, viability or solvency.

In the face of heavily drop, how to keep your USDT in your hands from harm?

Epay is the world’s largest USDT provider. At the end of 2017, the deposit and withdraw volume of Epay USDT up to 100 million US dollars in a month, and users were growing to million. Epay offers large quantity of USDT which up to 80% of the whole market,making it the world’s largest and most convenient USDT platform. unlike the price of USDT on all exchanges, the price of USDT on Epay is always equal to the price of USD. That is to say 1 usdt=1 epay usd.

In order to avoid risks you can sell USDT to Epay and withdraw the USD to your bank account.

As a digital currency wallet, Epay is popular among exchanges and digital currency players in recent years, Epay Global Payment is the best payment channel for global cryptocurrencies, Tether’s official partners ,and the world’s first digital currency wallet which supports five major legal currencies including USD,EUR,GBP,HKD and JPY.

Registration link: https://www.epay.com?ref=00505011

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