Tether (USDT) — the most popular stablecoin, but there have been rumors and doubts about it for many years. The main question: what is it backed by?
The company Tether does not publish transparent reports on the assets that support the issuance of #USDT . Because of this, some platforms refuse to work with it, and in several countries, it has already been banned.
In comparison, #USDC — the stablecoin from the American company Circle — fully discloses the backing of its assets by the dollar and gold, which makes it more reliable in the eyes of investors.
Against the backdrop of a possible market correction, many believe that USDT could become the biggest scam in the next bear market. What do you think, is there a risk of Tether's collapse? $USDC $USDP $USTC
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