1
USDT Forum / Re: Tether's proof-of-reserve: sometimes the truth is not important
« on: Today at 09:38:50 PM »If you are holding tether tokens than you are probably already losing money because of inflation of USD and all other fiat currencies, even if you don't notice it directlyIn the investment journey to generate profits, we are still forced to ensure safety, and stablecoins are the best solution we can have at this time and Tether is serving this huge demand of crypto investors with a marketcap of over $100B. The impact of inflation is the trade-off to ensure the safety of the account and the investment profit will be enough to cover the entire impact. In addition, the return on Saving USDT on CEXs is also attractive and higher than the USD savings interest rate at traditional banks.
I heard tether is now expanding to Europe, but I dont think regulators will allow them to exist for much longer, since they are working overtime to introduce CBRC crap.
CBDC has been mentioned in the EU for a long time but has not been able to be applied due to management issues and the negative impacts it can have on commercial banks and the entire economy. I think the EU will not risk arbitrarily introducing and applying CBDC in the next few years, temporarily they are focusing on testing and monitoring MiCA.