🔴 Is another wave of FUD cooking on the market? 🔴
👇Heads up:
US regulators are coming for Tether ($USDT)! With over $160B USDT in circulation, the new GENIUS Act will soon force all stablecoins to prove full 1:1 cash reserves. Tether still holds part of its reserves in BTC and gold, not fully compliant.
If nothing changes, a ban in the US is on the table, and lawsuits are already underway.
Meanwhile, the total stablecoin supply just passed $250B.
Tether is already banned in Europe for refusing the same transparency rules. Now, many suspect they’re making a last big push, printing new USDT and pumping before the US rules kick in.
🤑Key question:
Will this situation benefit other stablecoins, especially regulated players like BASE [USDC], which already meets strict European standards?
This could be one to watch!
👉Bottom line:
FUD or not, I’d stay very cautious with long positions tonight.
Most #alts have pumped hard and are testing key resistances!
Stay sharp. Volatility incoming? 🚨
