Deutsche Bank Research analysts expect the collapse of most

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Deutsche Bank Research analysts expect the collapse of most stablecoins. At the same time, analysts place special emphasis on the “monopoly of Tether (#USDT) in the stablecoin market.” Indicating the lack of reliable information about the issuer's reserves. New FUD for the stablecoin market leader. As proof of their expectations, Deutsche Bank Research cites, among other things... the reset of the#USTstablecoin from Terraform Labs. Scam stablecoin of a scam project 🤷‍♂️. But in general, the report, of course, is based not only on this story. Analysts studied 334 currency pegs since 1800. And they found that 49% of assets failed with an average lifespan of 8 to 10 years. The main reasons for the collapses were macroeconomic vulnerabilities, speculation and governance issues. Other currencies most often existed in small authoritarian states or in oil-exporting countries with a strong financial position.#Tetherhas already responded to Deutsche Bank Research's statement, saying that their report "lacks clarity and is based on vague statements rather than clear analysis." Tether CEO Paolo Ardoino was much more straightforward in his assessment of the Deutsche Bank report: “Deutsche Bank's history of fines and sanctions raises doubts about its own ability to criticize others in the industry. The International Monetary Fund named DB the riskiest bank in the world."

Deutsche Bank Research analysts expect the collapse of most stablecoins.
At the same time, analysts place special emphasis on the “monopoly of Tether (#USDT) in the stablecoin market.” Indicating the lack of reliable information about the issuer's reserves. New FUD for the stablecoin market leader.
As proof of their expectations, Deutsche Bank Research cites, among other things... the reset of the#USTstablecoin from Terraform Labs. Scam stablecoin of a scam project 🤷‍♂️.
But in general, the report, of course, is based not only on this story. Analysts studied 334 currency pegs since 1800. And they found that 49% of assets failed with an average lifespan of 8 to 10 years. The main reasons for the collapses were macroeconomic vulnerabilities, speculation and governance issues. Other currencies most often existed in small authoritarian states or in oil-exporting countries with a strong financial position.#Tetherhas already responded to Deutsche Bank Research's statement, saying that their report "lacks clarity and is based on vague statements rather than clear analysis."
Tether CEO Paolo Ardoino was much more straightforward in his assessment of the Deutsche Bank report:
“Deutsche Bank's history of fines and sanctions raises doubts about its own ability to criticize others in the industry. The International Monetary Fund named DB the riskiest bank in the world."