Bitcoin’s volatility has limited its adoption for payments, so entrepreneurs created stablecoins: cryptocurrencies pegged to assets such as the U.S. dollar. But the recent settlement of a probe into the most popular stablecoin, tether, shows the need for transparency in the growing industry. Photo illustration: Sharon Shi/WSJ
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Hmmm…. is Tether the next domino to fall? Will it be good for BTC? I guess it depends who you ask these days.
'Binance asks users to follow local laws…' – what could possibly go wrong I wonder?
No one wants to use USDC anymore after that rumor that USDC's market cap is artificially inflated. And their recent issues are even adding up lol
Well, that didn't age well… Did WSJ also give Bernie a glowing review back in his day?
Tether has been in the market for years. I switched to it and it was the best decision of my life.
Circle's reputation isn't in the best of shape right now… They should take an audit in order to recover the trust of their users, which has also recently declined…
Given what happened with Tornado Cash and the part USDC played in it, I don't think USDC is a good stablecoin to use right now. I wouldn't want to use or hold a stablecoin that might one day simply blacklist my hard-earned money.
Unfortunately, USDC is infamous for minting coins out of thin air, which is why it is losing institutional support and is not recognized as a reliable stablecoin. That is why people don't actually believe it.
USDT has been in the market long enough to prove itself. It has been tested by time already. Thats why its the best stablecoin in the market right now.
Tether is just the reliable option here. I don't think USDC will last very long with their declining market cap.
Their biggest challenge at the moment is how to get an audit with their false reserves 🤣
USDC has been having a lot of issues recently. Thats probably why people are leaving it already.
at the moment, for me, stablecoins like tether are a salvation from inflation and from a bear market
The US government can't even make profit in the US mail business. The federal reserve brought us 30 trillion in debt. So we would have to leave it up to the banks….. So they basically just want to use a bunch of energy to solve a math problem then do the exact same transfer they do now just so they can reset the debt…..which is bankruptcy …just like how the reworded recession so we aren't in one….what a JOKE
it is no a challendge with tether I'm saving some money
They should mention Basel III, allowing banks to the lend out everything down to a little 8% of their equity. THAT is how banks end up burning consumers‘ money
They should mention Basel III, allowing banks to the lend out everything down to a little 8% of their equity. THAT is how banks end up burning consumers‘ money
BEEFINEX!!!
looks like we really need stable coins specially tether which is performing very well