Tether CEO says indirectly they don't want to be regulated.
Next time a forum user asks where to put safely her savings, please don't mention USDT.
USDT is good for traders, not for savers

What a coincidence

without focusing on assets that may increase in value but are difficult to liquidize

Hi HB

This has nothing to do with liquidity.
Assets that can increase in value are also assets that can decrease in value.
They are not-stable assets.
Backing a currency whose value should be stable (stable-coin) with assets whose value is not stable doesn't make sense.

what caught my attention is that their assets are distributed between cash and US Treasury bonds, without focusing on assets that may increase in value but are difficult to liquidize, such as debts and real estate.

Both US Treasury and fixed deposits are debt:
US Treasuries is debt of the US gov, Fixed deposits is debt of banks.

None of them is cash.
There is no cash backing FDUSD.

Stablecoin Volumes Are Tracking A Record $15 Trillion On Ethereum Alone

Stablecoins are demonstrating their prowess as payment tools.
Transaction volumes are tracking new highs this month, running at ~$15 trillion annualized on Ethereum alone.
The efficiency gain is clear – instant and final settlements mean that your late-night coffee and donut purchases bypass the need for credit intermediaries.

zerohedge.com





Stablecoins' volume is increasing not because people invest in them but because they get adopted as the most efficient means of payment

There is a small possibility that your balance will be frozen,

Of course
very small 






Tether is not a crypto money service business.
That said, the point is, if someone want to avoid risks... better stay away from un-regulated.
Imo

SEC Expected To Deny Spot Ether ETFs In May, Consensys Sues Over 'Security' Status


According to four people who participated, recent meetings between issuers and the SEC have been one-sided and agency staff have not discussed substantive details about the proposed products.

That is in contrast to the intensive and detailed discussions between issuers and the agency in the weeks before its landmark approval of spot bitcoin ETFs in January, said the people who declined to be identified because the talks are private.

As CoinTelegraph reports, before the historic approval, the SEC rejected spot BTC ETF filings for over a decade.
It only changed its stance after Grayscale Investments won a court victory against the securities regulator in August 2023.

...

Balchunas also mentioned that SEC Chair Gary Gensler’s stance on Ether could also impact the decision process as he has refused to give clarity on whether Ether was a security.

We have detailed the furore over the classification of Ether as a security (or not) a number of times, but today saw the situation escalated as Consensys, a major backer of the Ethereum blockchain, filed a lawsuit against the agency in Texas federal court, asking the court, among other things, to resolve one of the biggest legal uncertainties hanging over the crypto industry by stating that Ethereum’s digital token, Ether, is not a security.

Fortune's Jeff John Roberts reports that in its 34-page legal filing, Consensys uses dramatic language to argue that the SEC’s efforts to exert jurisdiction over Ethereum is both illegal and a threat to blockchain technology more broadly.

“The SEC’s unlawful seizure of authority over ETH would spell disaster for the Ethereum network, and for Consensys. Every holder of ETH, including Consensys, would fear violating the securities laws if he or she were to transfer ETH on the network,” the complaint states.
“This would bring use of the Ethereum blockchain in the United States to a halt, crippling one of the internet’s greatest innovations.”


zerohedge.com

Yes I have looked a bit at USDT (very interesting now when transactions can be done on telegram)

Buenos días Daiana

apparently USDT has issues in Canada

Quote from: NikeFit_7777 on March 25, 2024, 10:11:46 AM

By the way Tether was repressed in Canada last year, for example coinbase and others removed the possibility to trade in pairs with USDT. By the way, is there anyone who lives in Canada, how has it affected your trading, since a year is coming up?

It's very scary that Canada prohibits trading USDT, I don't understand where the error lies with USDT in Canada.
Including large markets such as Coinbase which prohibits USDT trading in Canada, perhaps other members have a better understanding of this issue.
Or maybe there are members on altcoinstalks who are originally from Canada, why does this problem occur.

... it's going to have issues in EU

OP you seem to be very knowledgeable about this project. Please let me ask, if you're ever European too, do you know if Kinesis stablecoins will be impacted by the ongoing MiCA regulation?
One of its objectives is to regulate stablecoins in the EU and, in the long term I believe, to favor the digital euro over other $tablecoins. For example, USDT should be banned in the EU from June 30. I wonder whether Europeans will still have access to the services/stablecoins we're talking about in this topic, in the short/medium term.

... their - regulated - competitors are pushing the US authorities to go after them...


Daiana... for those who are trying to avoid risk... USDT currently... is a Russian roulette!
 

I don't suspect they are already tradeable, it'll probably take at least a day or two.

30 April!
 


The first wave of spot Bitcoin and Ether exchange-traded funds (ETFs) have been officially approved to start trading in Hong Kong on April 30.

Unlike the cash-creation model of the United States spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that enable the creation of new ETF shares by using BTC and ETH.

Hong Kong’s in-kind ETF creation model could be a significant opportunity to considerably increase assets under management (AUM) and trading volume for these products, according to a research note by Bloomberg ETF analyst Rebecca Sin, shared in a March 26 X post by Eric Balchunas:

“Hong Kong is aiming for in-kind creation of the ETF, unlike the US, where the transaction is cash only — in the US, it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out. This could be an opportunity for the market.”

zerohedge.com