Tether has strongly criticized a recent report by Deutsche Bank which suggested that stablecoins like USDT could face a "peso moment," potentially causing significant upheaval in the cryptocurrency market. The report drew comparisons to the 2022 collapse of TerraUSD, prompting concerns about the stability of dollar-pegged stablecoins. Tether refuted the report's claims as vague and lacking substantial evidence, also questioning Deutsche Bank's credibility due to its history of fines and penalties.

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