❔Is there FUD (fear, uncertainty, and doubt) regarding Tether and other stablecoins?

S&P Global has stated that if the US adopts a new stablecoin law, it would give banks a competitive edge by limiting the issuance volume for non-banking licensed organizations to $10,000,000. Consequently, Tether might not be able to act as an issuer for billions of USDT.

This statement suggests that the proposed legislation could potentially limit the ability of stablecoin issuers like Tether to operate at a large scale, which could impact the overall stablecoin market. However, it is important to note that this is only speculation at this point, and the actual impact of the legislation remains to be seen.

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