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    1. coinfeeds-bot on

      tldr; Tether and Circle have minted nearly $3 billion in new stablecoins within 24 hours, raising questions about the need for such liquidity amid flat transaction volumes. The lack of third-party audits for both companies has fueled skepticism and speculation about potential market manipulation. With impending U.S. regulations requiring compliance and transparency, neither firm has shown urgency to meet these standards. The stablecoin market remains highly active, but concerns about the long-term viability of these issuers persist.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. _Piratical_ on

      Happens right before all the bull runs. There’s always some folks assuming that tether is gaming the system and not fully funded, which it probably isn’t. That never matters because lots of people need those tokens and will use them anyway so tether just gets away with it. Tale as old as crypto exchanges.

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