✨🫅🫅Can Tether's reign be maintained?✨✨
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However, we must ask ourselves, how long can Tether hold the crown? The current market has shown sharp changes when least expected. An important catalyst for change could be institutional adoption, a relatively new vehicle that has been media-highlighted since the arrival of the Trump Administration.
A greater degree of institutional adoption, particularly in the United States and Europe, will result in more influence for stablecoins like USDC. This is thanks to existing regulations against USDT in Europe. If this is the case, Tether would see its position threatened with a significant market share diluting among participants.
New questions arise: Is the asset management really transparent? Is it safe to use USDT, especially after precedents like the collapse of Terra and LUNA, to name just one case? To address these concerns, Tether resorts to an external auditing and advisory firm that publishes a detailed report on its reserves and operations every quarter.