Famous trader Peter Brandt issues a stark warning about the future of Tether and the US dollar. His predictions, based on years of observation of crypto and traditional markets, raise crucial questions about the stability of stablecoins and the hegemony of the greenback.
Tether in turmoil: a giant with feet of clay?
USDT, the world's most widely used stablecoin, is facing growing criticism. Consumers' Research, a reputable consumer protection organization, recently released a damning report on Tether's practices.
THE document points out several gray areas, particularly concerning the reality of dollar reserves supposed to guarantee the value of USDT.
Peter Brandt agrees, stating: “ My argument for years is that Tether is ultimately headed for disaster. » This opinion is reinforced by Tether's persistent refusal to submit to an independent financial audit, fueling suspicions about its real solvency.
Rating agency S&P also sounded the alarm last December, giving Tether a concerning risk score. This assessment highlights potential flaws in reserve management and non-compliance with regulatory frameworks by the USDT issuer.
JPMorgan also shared its concerns, highlighting a growing concentration in Tether as a risk factor for the entire crypto sector. The bank insisted on the particular vulnerability of Tether due to its “ lack of regulatory compliance and transparency“.
The American dollar, a decline announced!
Beyond the turbulence affecting Tether, Peter Brandt takes a pessimistic look at the future of the American dollar. “ The USD will eventually meet its demise“, he asserts, while specifying that this event would occur after the collapse of Tether.
This prediction comes against a backdrop of questioning of the hegemony of the dollar. The dedollarization efforts led by the BRICS countries and the rise of alternative currencies are contributing to weakening the dominant position of the greenback on the international scene.
Peter Brandt's predictions shed harsh light on the vulnerabilities of today's financial system. If they materialize, the collapse of Tether and the decline of the dollar could profoundly shake up the global economy and the crypto landscape.
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