Warning ⚠️ Tether's (USDT) misleading claims about its reserves and lack of transparency raises concerns about the true stability and reliability of $USDT

Possibility of Depegging ⚠️ (Losing the $1 Peg)

Although USDT usually maintains a value close to $1, its price can deviate in certain situations. Such deviations often occur during periods of extreme market volatility or when there is a lack of confidence in Tether's stability.

Examples of USDT Dropping Below $1:

April 2017: During cryptocurrency market volatility, USDT dropped to around $0.91 as doubts arose about Tether's ability to maintain backing. 🚩

October 2018: USDT experienced a sharp drop to $0.85 after rumors of Tether's insolvency and insufficient reserves to back all issued tokens.

Centralization ⚠️

USDT is a centralized stablecoin, meaning its issuance and control are managed by Tether Limited. Centralized stablecoins are exposed to risks such as regulatory interventions or liquidity issues if the company faces legal or financial challenges.

⚠️ Credit Risk and Growing Competition

If Tether's reserves are not sufficiently diversified or secure, credit risk may arise. Additionally, stablecoins like #USDD , #DAI (#USDS ) or usual's #USD0 offer more decentralized alternatives, threatening USDT 's long-term dominance in the market.

These factors, combined, can lead to volatility or a weakening of investor confidence in USDT. ❗

Last but not least #USDT cannot be subscribed for earning interest citing binance "due to your current local restrictions these assets cannot be subscribed". WFT? 

#Write2Earn #win $ Raise the price of WIN coin and increase #usdd . Anyway, there is a world of Win coins, rise, sell above and keep people inside, it's always the same fraud, you know, there was no centrality in this business.

$BTC ✅ BTC failed to break out of the sideways range between $62k-$58k, and the crypto market continues to wait for a push to determine direction 🕯

Thursday's news:

✔️ An aide to U.S. presidential candidate Kamala Harris stated that she supports the crypto industry

✔️ Justin Sun withdrew 12,000 BTC from the collateral of the algorithmic stablecoin USDD

✔️ Grayscale is launching a new investment trust for the AVAX token

✔️ New Binance CEO Richard Teng said there are no plans for an IPO

✔️ Research: 77% of hacked cryptocurrencies failed to recover their price

✔️ Financial company Franklin Templeton added support for the Avalanche network to its tokenized fund FOBXX

✔️ Billionaire Tim Draper led a $2.5 million funding round for crypto startup Ark Labs
#BTC #ETH #akr #usdd