USDT is The Most Stable Coin?

[NikeFit_7777]

There has been a joked around that AI will print more USDT? Or with AI, will they continue to scam us? Jokes aside, really hard to say, but I don't think that in the future Tether will replace the real dollar, America is not going to allow it. But them venturing into AI could be a good as everyone is already moving in that direction and they obviously doesn't want to be left behind. And as far as I know, there have been a lot of venturing in their end, like this news,
https://cryptoslate.com/tether-acquires-20-stake-in-german-bitcoin-miner-northern-data-in-unusual-equity-deal-report/

If you look at it as a whole, it's as positive news as possible. In every joke, there's always a bit of truth. So who knows. It's very hard to guess what will happen in a few years. Maximum unpredictability. Cryptocurrency and artificial intelligence are developing at maximum speed.

P.S. Again, if USDT - will still exist + the campaign itself will have no problems. Who knows, today the SEC has no prententions and tomorrow it's 10-questions.

[Peter90]

Take a look at Digital gold, I think that the idea behind it's really better than almost all stablecoins we have, since the tokens are backed by real gold and a limited amount.

There are several - many actually - gold-backed stables.
Most of them are only a way to invest in gold, they are not designed to make gold usable as an everyday currency.
For example, they lack a card which the user can spend his gold at the supermarket with: if you can't use your gold in order to buy groceries, your gold isn't usable as a currency.

Tether Gold is an example of Digital gold as investment.
Kinesis is an example of Digital gold as currency.
I compared these 2 Digital Gold systems here --> Tether Gold (XAUt)

[NikeFit_7777]

In the US, an updated Stablecoin bill has been introduced that would ban algorithmic steblicoins without collateral - the bill requires issuers to build reserves in fiat and equivalents at a 1-to-1 ratio to secure such stable tokens.

The explanatory note states that the bill aims to create a framework that encourages "responsible" innovation. It envisions the use of stablecoins for fast international transactions, lower fees and unlocking the potential of the digital asset industry.

News link: https://www.theblock.co/post/288723/lummis-gillibrand-introduce-bill-prohibiting-unbacked-algorithmic-stablecoins-among-other-regulatory-frameworks

[Peter90]

the bill requires issuers to build reserves in fiat and equivalents at a 1-to-1 ratio

= the end of USDT
 



“Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance..."

Hello USDT users
you are supporting the US dollar dominance