Tether has now struck 160 billion USDT tokens, marking an important step in the circulation of Stablecoin. However, some warning panels cause skeptics to be cautious about potential disorders.
If the law on engineering becomes the law, it could complicate the ability of the attachment to act in the United States. USDT is a key element in the global cryptography infrastructure, but an upheaval could disrupt a trembling and speculative wave of recent growth.
USDT milestone from Tether
Tether, the largest stablecoin transmitter in the world, recently scored many USDT tokens. While rumors of an IPO continues to circulate, the company has reported major plans for the future by redirecting resources.
Today, this ticket rod has reached an unprecedented level, because 160 billion USDT tokens are currently in circulation:
Tether finished this USDT creation round by hitting 2 billion additional tokens earlier during the day. With solid institutional partnerships and potential assistance from the American government, it seems that Tether is heading for a bright future.
Why, then, several experts warn a potential accident?
On the one hand, imminent stable regulations could cause significant problems. The law on engineering is presented for a vote today and seems very likely to succeed.
As written, it could prohibit USDT products and attached to use in the United States. Tether has survived an EU ban caused by mica regulations, but the American market could be irreplaceable.
Essentially, the law on engineering will force Tether to undergo a third -party audit for its USDT reservations, but this has never happened.
The company has demonstrated its gold stock of 8 billion dollars and has around $ 100 billion in cash bonds. Nevertheless, it issues $ 160 billion in USDT, and there is no guarantee that the company holds as much capital.
In addition, the Bitcoin market shows an underlying risk, as many business BTC holders are seriously sugar, and a forced liquidation could lead to a cascade of failing companies.
Thus, any potential challenge for the USDT could damage the web3 economy, even if it is in the short term.
However, nothing is guaranteed, and it is very likely that Tether will find a way to continue to issue the USDT in the United States. In any case, Circle still holds domination in the region with its stablecoin USDC.
Overall, according to some developments to come, this could point out a dangerous and inflationary economic situation.
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