Is Tether cryptocurrency a risky investment?

Not just Tether but all ‘stable coins’ are actually a risky investment.

The 1:1 peg to fiat/paper currency are just a promise and not a guarantee.

The total crypto-currency market cap - amount of coins/tokens multiplied by market price is 2.6+ trillion ‘stable coin’ dollars.

Yet the amount of fiat/paper currency collected is less than $100 billion.

The dominant direction of flow of value is from fiat/paper currency to crypto-currency - from people entering the market or to increase their holdings.

If a fraction of the flow reverses back - from crypto to fiat the coin/token prices will crash and the stable coin ‘peg’ will be broken.

More details in this article -
The danger in the stable coins (thought experiments and the real price of Bitcoin)

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