And you must know that only crypto is a currency free of gov | Qkhalid on Binance Square

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Bearish

And you must know that only crypto is a currency free of government control. A currency which is difficult to monitor or regulate—unlike the dollar.
“*It may be your best choice to invest in that…*”
Usdt #USDTfree #USDT_Red_pocket #usdt 
#usdoller 
$USDC 

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I cannot predict the future, no man can. I am not a clairvoyant. But if you are asking me on my opinion on what will happen... I am certain that the American dollar *will* collapse. Gold is a better choice than the dollar, and that’s a given.*** Euro is on shaky grounds itself, so it may not be reliable. Though… there is a third option which is quite interesting to me… Crypto CURRENCIES #usdoller #USDTfree #USDollarWarning

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The world of artificial intelligence is evolving rapidly, with innovations that push the boundaries of what we once thought possible. At the forefront of this evolution is FinalSpark, a Swiss startup that has developed a groundbreaking biocomputing platform known as Neuroplatform. This platform is not just another advancement in AI—it represents a fundamental shift in how we approach computing, merging biology with technology in a way that could redefine the future of AI. #AiNarratives

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What would happen if USDT eventually collapses? If Tether (USDT) were to collapse, the impact on the crypto market would be catastrophic. USDT is the backbone of many trading pairs and provides essential liquidity across numerous exchanges. As the most traded stablecoin, its collapse would send shockwaves throughout the entire crypto ecosystem. Firstly, the immediate effect would be a drastic reduction in market liquidity. USDT accounts for a large portion of daily trading volumes. As of June 26, USDT is the most traded crypto asset, with a volume of nearly $60 billion, surpassing BTC, which has a trading volume of nearly $43 billion. Moreover, there is a tenfold difference in their market caps: BTC is around $1.12 trillion, while USDT is approximately $112 billion. This highlights the gravity of the potential impact a USDT collapse could have. Tether printed $80 billion in USDT tokens throughout 2020 and 2021 alone, suggesting its massive influence. If USDT were to disappear, the liquidity it provides would vanish, causing prices to plummet across the board. Moreover, investors would scramble to exit their positions, leading to a massive sell-off and a steep decline in crypto asset values. Vitalik Buterin has previously referred to Tether as a “ticking time bomb” for Bitcoin, hinting at the potential for widespread market disruption. Secondly, exchanges that heavily rely on USDT pairs would face operational disruptions. Many centralized exchanges use USDT as the primary stablecoin for trading pairs. A collapse would force these platforms to halt trading, restrict withdrawals, and enter emergency maintenance. Smaller exchanges, in particular, might not survive the liquidity crunch and could go bankrupt, resulting in users losing access to their funds. Moreover, the collapse of USDT would erode trust in stablecoins and the entire crypto market, casting doubt on the reliability of other stablecoins, like USDC and DAI. This loss of confidence could deter new investors from entering the market and push existing ones to withdraw their funds. #usdt #USDTfree

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Beware of USDT Amid a change in the regulatory factors, Tether, despite being the most widely used stablecoin, is facing growing concerns, especially in the European Union (EU). In March 2024, crypto exchange OKX announced it would cease support for USDT trading pairs for users in the European Union and European Economic Area (EEA). OKX stated that this move was to focus on euro-denominated liquidity. While USDT remains available for deposit, withdrawal, and over-the-counter (OTC) trading, it is no longer available for direct trading against crypto assets other than USDC and the euro. This decision aligns with the EU’s new regulatory framework, known as the Markets in Crypto-Assets (MiCA) regulation, set to come into full force by the end of 2024. MiCA requires stablecoin issuers to be regulated as electronic money institutions, a classification that many stablecoins currently offered in Europe do not meet. Meanwhile, on June 18, cryptocurrency exchange Uphold notified its European users that it would delist six popular stablecoins, including USDT, starting July 1. Uphold cited compliance with MiCA as the reason for this change. Users were instructed to convert their holdings into other cryptocurrencies before the deadline, after which the exchange would automatically convert the stablecoins into USDC. Other major exchanges, such as Binance and Kraken, have also begun reviewing their stablecoin policies to comply with the new regulations. Binance, for instance, has categorized its stablecoins into “regulated” and “unauthorized” under MiCA but has yet to finalize which stablecoins will continue to be supported. Tether’s removal from trading pairs in the EU raises questions about its future as well as its legitimacy as a stablecoin in the region. Could USDT collapse? A look at the TerraUSD (UST) collapse offers a historical tale. TerraUSD was an algorithmic stablecoin designed to maintain its peg to the US dollar through a combination of algorithms and incentives involving its sister cryptocurrency, Luna..#usdtstory #USDT。

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