Why Has Tether not Printed New USDT in Weeks?

According to Coindesk, Tether has not issued new USDT in weeks. Analysts and markets said that, the sudden suspension of USDT issue showed that Bitcoin was facing three unprecedented challenges that threaten its dominance, which unleashed a storm of USDT.

Here are three reasons why USDT has screeched to a halt. First, China cracks down on crypto. The success of USDT is largely attributable to its dominance among Chinese traders and investors. But now it is difficult for them to buy USDT using legal tender. Second, USDC, the most strongest competitor against USDT, is gaining market share. Third, there is an increasing regulatory pressure around the world on crypto.

AEX Operation Team

July 17, 2021 (UTC)

Follow Us:TwitterFacebook | Medium

Join the Global Community:Telegram

APP Download:LINK

--

--

--

Aex Global

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to create a project on Crowdholding

Electronic Money

StarTerra Governance Proposals 25/02/22

Mesopotamian Triangle: The Middle Eastern Crypto Race Has Started. Ep. II — Banking

Real Bitcoin Volume: The Other 30%

Insure DAO

The Ichimoku Cloud (Ichimoku Kinko Hyo) — WTF is it

Why You Should Send Your Cryptocurrencies Offline When PayPal Allows It

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AEXGlobal

AEXGlobal

Aex Global

More from Medium

📣Grand Time First Ever Meme Contest Is Here📣

DiverseNFT AMA Notes

Solice AMA with CryptoDiffer

VIVUS Token Coming Soon on PancakeSwap