The world’s largest stablecoin exporter TetherWhile the USDT is the backbone of the crypto currency market with a market value of exceeding $ 157 billion, in recent days, Blockchain data gives the pioneering signals of a new crisis. Independent analyst Chain2 billion dollars of USDT printing recorded in the Tron network with the phrase “ready to be exported” it. Although Coins have not yet circulated, experts say that Tether can use this stock quickly to protect the liquidity in a possible wave of sales. When the mica regulations of the European Union, the increasing pressure on Tether, incomplete audit reports and reserve inconsistencies faced in the past, the possibility of “sudden collapse” came to the table.
2 billion dollars of mysterious USDT printing on Tron
2 billion units Tether kept in his own safe USDT It appears in the official records with the note “authorized but not removed”. Analysts expect these Coins to serve as a “shock -absorbing damp task in the preservation of value fixed to the US bond. If big investors panic and demand refund, the company will be able to expand the supply with this pool. However, it should be reminded that in 2021, the New York Chief Public Prosecutor’s Office found that Tether misrepresented his reserve rates and fined the company 18.5 million dollars. Since then, a fully comprehensive, independent audit has not been published. This deficiency brought the question “Is every USDT supported in one dollar”.
Another critical point for liquidity is that Tether alone creates 62 percent of the global trading volume alone. Stopping stock market shoots in a possible price breakdown scenario, locking and decentralized financial protocols and Ftx or Terra The domino effect similar to its collapse is expected. The widespread use of the asset in Tron creates additional fragility especially for Asia and developing markets.
European Union pressure on Tether
The Mica legislation, which will enter into full force on July 1, has to keep 60 percent of circulating stablecoins at the European Union, regularly reporting and entering local custody. Upon Tether did not complete the license process Binance, Crake And other major stock exchanges began to gradually remove USDT trading parities for users in Europe. Regional contraction of liquidity makes the company’s global reserve distribution even more critical.
Unspecified Reserve issue It continues to be Tether’s soft belly. Although the company says that “cash, US Treasury bills and short -term investments” is provided, the balance sheet is still not shared. A legal seizure, the loss of banking partners or concrete documents proving the reserve deficit may trigger an instant bank attack. According to Chain MIND, Altcoin, which has a regulatory approval from the USA USDC highly guaranteed DAI It stands out as relatively safe options, but the high volume advantage is still in USDT.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
