Tether allegedly under investigation

[Peter90]

Hopefully something like this will no longer happen to Tether because it can have an effect on the price of Tether, I still remember when USDC got FUD so that the price of USDC dropped to 0.7 USD for 1 Dollar, for the FUD I don't really remember but the effect of this FUD is very detrimental because as far as I know if USDC drops to 0.7 USD for 1 Dollar it is the same as minus -30%.
This bad story should not happen again to USDT or Tether.

If a stablecoin is 100% backed FUD has no impact.
A SC is not a stock. Its price doesn't depend on supply/demand.
The price of a SC depends only on what it's backed by.

[electronicash]

Lol, is this new though?

I mean we have heard Tether being investigated since 2018, so I guess they are not bothered to hear that they are being investigated and so the CEO has responded very quick to dismissed it again.

Anyhow, let's see how it goes, again, they have been investigated in the past and I do not think that it will affected them negatively.

nothing happens after being reported they didn't have the hard asset to back up their numbers. you can only tell their government is not serious pinning them down but the BUSD got the pounding, they were even stopped already.

the new one is coming which is the RLUSD. XRP been bombarded with lawsuits but they have he the money to pour for lawsuits so they can fight back. the way i see it is that if government will partner with Ripple labs, i'm sure they can go on make miracles.

[rdluffy]

And once again the drama over Tether
 

According to ShibDaily, Tether (USDT), the world's largest stablecoin, is facing a potential ban in Europe due to new Markets in Crypto-Assets (MiCA) regulations. These regulations, aimed at protecting investors and bringing order to the crypto market, could lead to Tether's removal from European exchanges by December 30, 2024. This development has created uncertainty in the markets, with investors seeking clarity on the situation.

https://www.binance.com/en/square/post/12-27-2024-tether-faces-potential-ban-in-europe-amid-regulatory-challenges-18117531627074
https://cointelegraph.com/news/tether-usdt-eu-mica-compliance-uncertainty
https://www.financemagnates.com/cryptocurrency/mica-threatens-usdts-future-in-europe-as-potential-ban-looms-in-4-days/