2025-02-11 16:47
IndustryTether (USDT) and other stable coins Pt 3.
#Firstdealofthenewyearastylz
Challenges and Risks
1. Transparency Concerns: Tether has faced criticism for its lack of regular audits regarding reserve backing.
2. Regulatory Scrutiny: Governments are increasingly monitoring stablecoins, with BUSD facing regulatory restrictions.
3. Centralization Risks: Unlike decentralized stablecoins like DAI, most stablecoins rely on central issuers.
4. Market Dependence: If faith in the backing system erodes, the peg could collapse.
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Tether (USDT) and other stable coins Pt 3.
Nigeria | 2025-02-11 16:47#Firstdealofthenewyearastylz
Challenges and Risks
1. Transparency Concerns: Tether has faced criticism for its lack of regular audits regarding reserve backing.
2. Regulatory Scrutiny: Governments are increasingly monitoring stablecoins, with BUSD facing regulatory restrictions.
3. Centralization Risks: Unlike decentralized stablecoins like DAI, most stablecoins rely on central issuers.
4. Market Dependence: If faith in the backing system erodes, the peg could collapse.
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