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[aryan4]

A new 86-page report was published yesterday by JP Morgan's analyst staff. The report, led by Joyce Chang, the bank's head of global research, reveals the danger of USDT. In the report obtained by The Block, it was stated that in case of negative developments about USDT, the Bitcoin price will also be seriously affected.
---- "A loss of trust against USDT can cause a very serious liquidity shock in Bitcoin markets and access to pools that are far ahead in terms of demand and liquidity may be lost" ----
What do you think of this warning?

 

[highspeed]

I'm sorry, how many days ago, day is this news?
I say this, as despite everything, I continue to see an absolute rise for Bitcoin, now around $56,000.
Thank you.

 

[Wisdom01]

Hmm well that is his own perspective , but am sure that if such thing happen to a certain crypto like usdt. Its not going to affect that much , because there are other stable crypto like usdc , busd, etc

 

[Niftyicon]

Usdt is not the only stable coin and even Usdc is seriously competing with it, so, I don't think that it could impact bitcoin so much at least not the way being stated here.

 

[Wisdom01]

Usdt is not the only stable coin and even Usdc is seriously competing with it, so, I don't think that it could impact bitcoin so much at least not the way being stated here.

Yeah true if usdt is no more effective , many people would find other crypto coin to use some they could continue trading and do what ever they want to do

 

[aryan4]

Yeah true if usdt is no more effective , many people would find other crypto coin to use some they could continue trading and do what ever they want to do

It was a warning to be considered. However, the negative situation with USDT has disappeared for now and there seems to be no risk in this regard for now.

 

[Wisdom01]

It was a warning to be considered. However, the negative situation with USDT has disappeared for now and there seems to be no risk in this regard for now.

Well i would still make research about that, because if there is risk some big exchange sites might not list the coin in their platform i think

 

[achawaskey]

What the report is saying is that the Faith of bitcoin will be tire to USDT if there are any negative report about USDT. So was USDT created to control bitcoin?

 

[aryan4]

Well i would still make research about that, because if there is risk some big exchange sites might not list the coin in their platform i think

News was shared that the problem in this matter was overcome. An agreement was made with the SEC and a deal was reached, with a fine.

 

[Wisdom01]

News was shared that the problem in this matter was overcome. An agreement was made with the SEC and a deal was reached, with a fine.

I would really like to know more about the agreement and deal that was reached between sec and ripple i think , because for now i havent heard any information regarding that

 

[Josemendez]

A new 86-page report was published yesterday by JP Morgan's analyst staff. The report, led by Joyce Chang, the bank's head of global research, reveals the danger of USDT. In the report obtained by The Block, it was stated that in case of negative developments about USDT, the Bitcoin price will also be seriously affected.
---- "A loss of trust against USDT can cause a very serious liquidity shock in Bitcoin markets and access to pools that are far ahead in terms of demand and liquidity may be lost" ----
What do you think of this warning?

Well , considering the fact that USDT is used mostly in buying bitcoin , I think I might have to agree with this research. However since there is platform for swapping other coins to bitcoin , I think it won't really be an issue .

 

[Wisdom01]

Well , considering the fact that USDT is used mostly in buying bitcoin , I think I might have to agree with this research. However since there is platform for swapping other coins to bitcoin , I think it won't really be an issue .

Yeah but if there is any problem using it i think people would hurriedly find an alternative , since there are many alternatives available

 

[Josemendez]

Yeah but if there is any problem using it i think people would hurriedly find an alternative , since there are many alternatives available

Yeah. The only reason for the research is that people prefers to use stable coins to save their investment money ,while waiting to buy the dip.

 

[aryan4]

Yeah but if there is any problem using it i think people would hurriedly find an alternative , since there are many alternatives available

As you said, there are many alternatives among the currencies that can be used to trade in the stock markets. The fact that there are no problems for USDT is still a positive development.

 

[BullyMaguire]

But USDT is the perfect coin to use on trading specially if you wanted to sell asap and does not decide where to put the money next to invest