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Article • Nov 13, 2023

Tether's Massive USDT Minting Raises Concerns About Trust in Stablecoins

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Tether's Massive USDT Minting Raises Concerns About Trust in Stablecoins
Summary
  • The recent issues with Luna, Celsius, and FTX highlight the fragility of trust in the cryptocurrency market.
  • Tether's large minting of 4 billion USDT tokens raises concerns about trust in stablecoins.
  • The balance between stablecoin minting and occasional coin burns raises questions about sustaining trust in the crypto domain.

Source: https://www.financemagnates.com//cryptocurrency/stablecoins-a-balancing-act-of-trust-in-the-crypto-domain/

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