Is USDT Rate Responsible For Naira Collapse? - Business - Nairaland
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| Is USDT Rate Responsible For Naira Collapse? by JACKOCOINS: 1:31pm On May 06 |
Have you ever wondered if the USDT rate is responsible for the collapse of the Naira? 🤔 Let's dive into this thought-provoking discussion together. The Naira has faced significant challenges in maintaining its value against major currencies, including the US Dollar. Meanwhile, the rise of cryptocurrencies like USDT has introduced a new dynamic to the global financial landscape. Some argue that fluctuations in the USDT rate can influence investor sentiment and capital flows, impacting the value of the Naira in the process. Others contend that the Naira's woes are rooted in domestic factors such as inflation, fiscal policy, and external debt. What are your thoughts on this matter? Do you believe the USDT rate plays a significant role in the Naira's collapse, or are there other factors at play? Share your insights and let's unravel this intriguing puzzle together. |
| Re: Is USDT Rate Responsible For Naira Collapse? by Nbote(m): 1:57pm On May 06 |
The usdt isn't another currency but the dollar version of enaira. Don't get it confused. What you are saying is just like saying is tue dollar responsible for the freefall of the naira |
| Re: Is USDT Rate Responsible For Naira Collapse? by JACKOCOINS: 2:43pm On May 06 |
Nbote:Government are responsible for enaira but no government is responsible for USDT, it is manage by a company |
| Re: Is USDT Rate Responsible For Naira Collapse? by JACKOCOINS: 2:44pm On May 06 |
Nbote: Usdt is a wrapped USD on blockchain but Nigerian government are blaming USDT for the fall of naira instead of focusing on USD 1 Like |
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