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JPMorgan Warns of Tether’s Dominance and Regulatory Risks to Crypto
JPMorgan analysts recently expressed concerns about the increasing dominance of Tether (USDT) in the stablecoin market, citing potential negative implications for the broader crypto ecosystem. While the stablecoin market has witnessed significant growth, the lack of regulatory compliance and transparency in Tether has raised eyebrows among financial experts.
Tether’s Dominance and Regulatory Risks
In a report led by Nikolaos Panigirtzoglou, JPMorgan highlighted Tether’s vulnerability due to its lack of regulatory compliance and transparency. The analysts view the growing concentration in Tether over the past year as a negative development for stablecoin and the wider crypto ecosystem.
Stablecoin issuers face regulatory uncertainty globally, adding to the concerns raised by JPMorgan. In the United States, the approval of the Clarity for Payment Stablecoins Act is pending, awaiting Congress’s nod. Sim
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