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Tether doesn’t need to go public’: USDT issuer digs at Circle, heats up stablecoin battle
The cryptocurrency market has been witnessing a heated debate lately, with the recent disclosure that Tether (USDT) is holding nearly $148 billion in reserves, mostly comprising U.S. Treasury bills. The revelation has sparked intense speculation and criticism from various quarters. This information has also led to fresh scrutiny of the stablecoin issuer’s stance on going public.
Tether’s current refusal to go public can be seen as a strategy to avoid detailed scrutiny of those very reserves, which have been subject to long-standing skepticism and allegations of instability by Tether critics. The company’s reluctance to provide transparency into their business practices has only heightened the debate surrounding stablecoin stability.
On the other hand, it is also essential to consider the competitive nature of the crypto market. Despite this challenge, the stablecoin landscape remains as competitive as ever, making this space so special.
Stay tuned for more updates on the Tether news and related events.
Source: https://u.today/tether-doesnt-need-to-go-public-usdt-issuer-dig-at-circle-heats-up-stablecoin-battle
