What will happen to crypto when USDT collapses?

For illustration purposes only, Tether Inc. does not have an HQ. Credit: Marija C.

Intro

The cryptocurrency markets are (in)famous for volatility. While the volatility is attractive for traders, it hinders the potential of cryptocurrencies from becoming a settlement unit, thus making them differ drastically from traditional fiat currencies. The cryptocurrency “industry” has responded by introducing a solution to the market — a stablecoin. A token which is a…