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According to WSJ (Wall Street Journal), US authorities are investigating whether stablecoin is being used by third parties for illegal activities. However, the CEO of Tether asserts that Tether is NOT illegal and accuses WSJ of referring to old stories.
- Actually, every year there are a few FUDs related to USDT. The peak is in 2022-2023, when people think that $USDT is like a slow-burning bomb and doubt that it will soon lose its depeg like $USDC and some other small stablecoins have done before.
But the truth is, at present, people still buy/sell $USDT for trading.
👉 Last night, there were 346M liquidated long orders