Amid accusations of corruption against the issuer of Tether (USDT) and raising questions about it being the next FTX, veteran trader and renowned markets expert Peter Brandt has shared his opinion that the popular stablecoin might be heading toward a catastrophe.
Specifically, Brandt’s concerns align with those of the non-profit organization Consumers’ Research, which has launched a campaign against the USDT issuer, accusing it of posing a threat to consumers, and he has shared his own views on the matter in an X post published on June 19.
Indeed, the legendary trader explained that he has been arguing “for years” that Tether was heading “eventually for disaster,” adding that the United States dollar (USD) “will eventually meet its demise” as well, but years after Tether experiences the same, as per his recent post.
Interesting perspective. My contention for years is that Tether is headed eventually for disaster. I agree with this all. The $USD will eventu
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