Image taken from beincrypto.com
Could Tether be in danger? Why?
If you don't know what a tether token is, a small introduction, it is a stablecoin that is equivalent to $1:1 and backed with real money in banks, or so the reports show us, who knows.
Canada has prohibited this stablecoin for not being able to demonstrate that all the tokens are really backed with real money, and some exchanges are already beginning to remove the possibility of buying and selling it, this in the territory of Canada, but, the big question is, others countries will continue with the same action? At the moment I don't think this can happen due to the large percentage that tether represents in stablecoins, more than 50%, but if it can affect the market, if only a few important countries decide to ban it, it can lose its stable value, in my opinion Personally, it is very difficult for this to happen, but nothing surprises me anymore, what do you think? I read you in the comments. 👀