Tether (USDT) under scrutiny: possible crisis for stablecoin

Tether (USDT) under scrutiny: possible crisis for stablecoin

Tether stablecoin (USDT) in 2022 has seen two failures: the collapse of Terra/ Luna USD in May and the failure of FTX in November. In both cases, Tether stablecoin was affected by the collapse of the platforms, falling by $18 billion (21%) between May/June and by an additional $4 billion (4%) in November.  
This year’s severe crises have made the concept of stablecoins fade a lot; in fact, they should not be sold in user panic, but rather the opposite; Stablecoins such as Tether, USD Coin, and Binance USD should act as investors’ life jackets. 
The year 2022 marked the end of many companies and the suffering of the most important stablecoin, put it in a position of analysis, is it worth continuing to trade Tether (USDT)?
Coinbase attacks Tether, encourages users to switch to USD Coin
US-based exchange Coinbase recently posted an appeal to its customers on its website, where it expressly asks them to convert their Tether (USDT) stablecoins to USD Coin, which is a stablecoin issu

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We współpracy z: https://en.cryptonomist.ch/2023/01/05/tether-stablecoin-scrutiny/

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