The cryptocurrency market is growing rapidly, and one of the most popular assets among them is USDT, the so-called crypto dollar. As of April 2023, the market capitalization of this coin is more than $81 billion, which is an impressive figure and accounts for 63% of the capitalization of all stablecoins.
At the same time, some experts point out the risks associated with the use of stablecoins, in particular USDT. One of the main risks is the lack of auditing of the reserves that back this stablecoin. Many experts fear that insufficient collateral could lead to the collapse of USDT and a significant decline in its price.
- It is also important to note that the regulation of stablecoins is a controversial issue in many countries. In the United States, for example, there are ongoing discussions about the regulation of cryptocurrencies and stablecoins. This may lead to a change in regulatory policy and a deterioration in the conditions for the use of stablecoins, including USDT.
Although USDT is currently one of the most popular and reliable stablecoins, there are certain risks associated with its use. Some experts advise investors to be careful and thoroughly research all the risks associated with using this coin before investing their funds.