The Treasury Department is reportedly targeting Tether, the issuer of the USDT stablecoin. This could be catastrophic for the crypto markets, because almost everything trades against USDT.
Of course, the Treasury Department doesn’t like the fact that it can’t control stablecoins like USDT, and in a summary of a recent presentation, it revealed that it wants to replace stablecoins with CBDCs.
This begs the question of what could happen to the crypto market if there was a Tether crackdown. Today’s video has the answers. Spoiler alert: Tether could in fact be too big to fail. Enjoy!
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📺Essential Videos📺
Bank For International Settlements Future Financial System 👉 https://youtu.be/To5ek8F7zIQ?si=08A01Fbc8U7SmO0k
Binance Settlement Explained Bullish For Crypto 👉 https://youtu.be/EljWmKzRmFQ?si=dcFND-8BaRAyDpH2
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Full Summary Of Treasury Presentation https://home.treasury.gov/system/files/221/CombinedChargesforArchivesQ42024.pdf
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– TIMESTAMPS –
0:00 Intro
0:50 Stablecoins Explained And Treasury Department Tether Crackdown
6:20 Differences Between Cryptocurrencies And Stablecoins
9:44 Central Bank Digital Currencies And Tokenized Treasuries
12:51 Stablecoin Run Risks And Possible 2008-Style Bailouts
18:15 US Government Debts Subsidized With Stablecoins
22:55 What A Tether Crackdown Would Mean For The Crypto Market
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#crypto #stablecoin #bitcoin
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