May 24, 2024

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Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

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Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency
Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve TransparencyTether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing a study of 334 historical currency pegs, suggested that most stablecoins will face significant challenges […]