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Market Cap:
24h Vol:
Cryptocurrencies: 10942
Bitcoin Bitcoin Share: 54.49%
Markets: 82569
Bitcoin.com
2024-05-10 03:10:05

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

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

Tether 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

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