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The largest stablecoin Tether (USDT) is the largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH) with a market value of $110 billion. 
While Tether is strengthening its position day by day, Deutsche Bank warned investors against all stabalecoins, including Tether. 
Stating that they examined approximately 334 stablecoins in a recent report, Deutsche Bank analysts pointed out that only 14% of them have survived so far. 
<blockquote> 
 “Some stablecoins may survive, but most will likely fail. 
 The enduring success of stablecoins relies on reliability, reserve support and tight operational controls. But these qualities are currently missing from many major stablecoins. 
 So the 30 percent de-peg among some stablecoins is not surprising at all. “ 
</blockquote> 
Stating that all stablecoins are unstable due to lack of transparency and strong support, analysts also warned investors against the leading stablecoin Tether. 
Pointing to Tether's track record regarding misleading statements regarding reserve stocks, analysts reminded that Tether received a total fine of $41 million from the CFTC. 
Analysts also said that recently published reports stated that Tether (USDT) remains the stablecoin most used in criminal activities. 
Deutsche Bank analysts recently stated that their criticism of all stablecoins, including Tether (USDT), stems from the collapse of Terraform Labs' algorithmic stablecoin TerraUSD (TUSD) in 2022 and the removal of at least 40 billion dollars from the market in a few days. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/tether-usdt-warning-from-deutsche-bank/">Tether (USDT) Warning from Deutsche Bank!</a>

Tether (USDT) Warning from Deutsche Bank!

Bitcoin Sistemi EN

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