Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

Share This Post

News Bytes - 11Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing a study of 334 historical currency pegs, suggested that most stablecoins will face significant challenges […]

Read Entire Article
spot_img

Related Posts

If This Happens, Shiba Inu Price Could Double Soon

Last week, Shiba Inu (SHIB) emerged from a bull pennant formation on its daily chart, signaling the potential for a significant price increase Currently, SHIB’s price is at a critical juncture

Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days

Ethereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139 With a market capitalization of $373 billion and a 24-hour trading volume of $983 billion, the

How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation

The post How the SEC’s SAB 121 repeal paves the way for balanced crypto regulation appeared first on

Crypto Crackdown: Venezuela Goes Dark On Mining To Ease Grid Overload

Venezuelans, once seeking solace in the digital gold rush, now face a harsh reality The country, grappling with hyperinflation and economic instability, has banned all crypto mining farms connected

Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels

As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization

Bitcoin Rally Incoming: This Major BTC Metric Just Turned Bullish Once Again

A crucial Bitcoin metric has just turned bullish, sparking optimism from a crypto analyst regarding an impending rally for Bitcoin This unique technical pattern suggests that the world’s largest
- Advertisement -spot_img