In a recent report, global investment giant JPMorgan has sounded the alarm on the growing expansion of Tether’s stablecoin USDT and its potential ramifications for the broader crypto market.
The regulatory risks of Tether could destabilize the crypto ecosystem: JPMorgan’s report
With a market capitalization that exceeds the incredible amount of 96 billion dollars, Tether’s dominance in the stablecoin sector is undisputed.
However, JPMorgan analysts have raised concerns about what they perceive as “lack of regulatory compliance and transparency” of Tether, which they believe poses an increasing risk to the overall stability of the cryptocurrency market.
JPMorgan’s concerns stem from Tether’s comparative regulatory position with its competitors, particularly Circle, the issuer of the USDC stablecoin.
According to analysts, stablecoin issuers who have demonstrated greater adherence to existing regulatory frameworks are ready to benefit from the expected regulatory crackdow
We współpracy z: https://en.cryptonomist.ch/2024/02/06/jpmorgan-sounds-the-alarm-on-tethers-regulatory-risks-for-the-stability-of-the-crypto-market/
