EU Exchanges Start Delisting $USDT...Tether Company Worth 118 Billion USD About to Collapse

Is the Tether company worth $118 billion about to collapse? $USDT could drop to 0 or even faster than $UST (Terra Luna’s stablecoin). I have researched all the data and information I found to be amazing. Here is the story behind Tether🧵👇

Last week, many people started to panic about the situation of $USDT. Although it is often considered FUD, this time it is serious because all exchanges in the EU have to delist it. That’s why I decided to dig deeper and conduct some research. Currently, $USDT is facing two main issues:

• Lack of transparency and suspicion of safety
• Worried about liquidity after leaving the EU market And while the first issue is always a problem, the second issue brings even more serious consequences. It turns out that Tether has never undergone an audit and only promised to do so in 2015: The first company that attempted to perform the audit was fired for being too meticulous in 2018. 🕷 And in 2021, Tether announced a ‘audit report’ in collaboration with BDO, but that was not an official audit. Please provide the text to be translated. ➮ After that, the CFTC’s 2021 fine concluded an investigation into the alleged $850 million loss from customer funds and the mixed company. 🕷 Then, it was revealed that their balance includes commercial paper of unclear origin, quality, and liquidity. Please provide the text to be translated. After these events, a major FUD campaign against Tether has started: 🕷 At this point, FUD has become a part of the cycle and everyone accepts it. 🕷 However, in reality, the biggest scam may be the central banking system. The latest blow to Tether comes from the new MiCA cryptocurrency regulation: 🕷 And as usual, Tether has not obtained the required license to operate in the EU. 🕷 Therefore, all EU exchanges must delist $USDT before December 30. 🕷 But I don’t think we need to worry. I think Tether has become a company “too big to fail”. 🕷 If Tether collapses under current conditions, it means the collapse of the entire industry. 🕷 Ultimately, even most Tier-1 exchanges hold the majority of their reserves in $USDT.

➮ It is highly likely that Tether, as usual, will come up with something and may have already done so: 🕷 Recently, they have invested in StablR, fully complying with European regulations. 🕷 I think this way, they will bypass the system and continue to operate in the EU. Please provide the text to be translated. Of course, it is bad when USDT refuses to be audited and its balance is created from suspicious documents: 🕷 But exchange innovators have commented on this issue, saying that without USDT, market liquidity would dry up. 🕷 Therefore, the EU market is at risk of becoming irrelevant due to destructive policies. But as I said, Tether has found a solution and everything may soon change. 🕷 At the same time, I want to swap USDT/USDC for a while to see what will happen. 🕷 In this way, you don’t have to worry about your assets, but at the same time, don’t be too excessive in FUD. ➮ Please give love and support to this topic! 🕷 Follow @blogtienso for more interesting things.