With all this talk about stable coins not meeting regulatory standards, does anybody else see bad luck on the horizon for USDT?
With allegations of billions in USDT being printed with no backing over the past 5 or so years, it’s possible there are a lot of non-real dollars still propping the crypto industry up. Fwiw, I’m not suggesting this is the whole reason prices have run since 2017, but I think it’s part of it.
Considering the eventual effects of looming US regulation on crypto as a whole, and stablecoins specifically to make way for CBDCs, does anyone have concern about buying at the moment?
With how much USDT was supposedly printed to provide liquidity for Alameda before it collapsed, some of us expected to see some fallout effects for Tether, but surprisingly, it came out unscathed.
Many consider USDT to be something of a ticking time bomb and a matter of when, not if. With regulations on the way, it could mean bad news for Tether; a healthier industry in the long-term, but bad news for prices in the short-term. Lower prices, if they happen, are good for buying, but does anyone else feel that their DCA purchases might be a little unwise at the moment?
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