QUESTION: ¿Do you think that people should be worried? ¿Why?

Yes. The entire industry needs to keep an eye on Tether's USDT chip, because if something happened to it,
the result could be the loss of everyone. It is a system that can happen, in a short time if you do not pay proper
attention.
This is because the currency has become a fundamental source of liquidity for the encryption markets. Without
wanting to further expand the fear, uncertainty and doubt in a community that has had more than its fair share,
a collapse would be extremely bad for these markets, causing a domino effect and, in the worst case, possibly
knocking down The exchanges.
To be sure, until now, tether has lived up to its description as a stablecoin, whose value is linked to the US
dollar. UU Commercial data shows that, in general, Tether sometimes rounds; $ 1, occasionally with a
minimum of $ 0.80 or a jump of up to $ 1.10.
But online critics of the company have long argued that Tether has close links to the exchange (Exchange) of
Bitfinex encryption, which has been issuing more USDT than dollars in the bank, in order to raise the price of
bitcoin.
That is a problem for investors because the bond or arrangements is rare among cryptocurrencies since it
carries the risk of the counterparty, in other words, the possibility that one of the parties to a contract does not
comply with its part of the deal. In the case of Tether, the "obligation" is to exchange USDT tokens for dollars.
In this business class there must be complete transparency.
Weiss Ratings, an investment research firm for decades, recently began evaluating cryptocurrencies, warns
investors that Tether represents a risk to the entire ecosystem and explains the following: "Tether is the only
'cryptocurrency' with a volume of operations that regularly exceeds that of its market capitalization. This means
that the entire Tether supply changes hands regularly, sometimes more than once a day. This is important to
know because it tells us that Tether is used to negotiate A LOT. It is one of the main sources of liquidity in the
crypto-markets ".
Therefore, Tether could be described as "systemically important", which is the polite term regulators use for
"too big to fail". However, it does not have a government bailout.
However, there is a more beneficial and nuanced interpretation of this situation than that offered by Jordan
Belfort, the Wolf of Wall Street, who in a recent interview with The Street called Tether a "massive fraud".
To understand the explanation or alternative, you must remember how tether was created in 2014, and rose to
its current prominence.
In April of last year, Wells Fargo suspended wire services with Bitfinex. In order to order trading, at that time,
Tether became a substitute for electronic transfers for Bitfinex and possibly for other exchanges that had
difficulty obtaining or maintaining bank accounts.
Now it is known that according to the Bitmex investigation, Tether may have the same problem, and this would
help explain why he has been so cautious with his finances, that is, he does not report quite well: "We suspect
that Tether could have fought to find appropriate banking relationships. We believe that this is probably the
main reason for the apparent lack of transparency, rather than the lack of dollar reserves. The transparency
that some Tether stakeholders seem to expect is not possible in the financial sector when the underlying
activity is not clearly authorized or regulated by the authorities. "
We still have to see how things work on the Tether front, but for now investors should be cautious and calm,
whether they have USDT or another cryptographic currency. The precautions should not be forgotten.