Peter Brandt’s Tether Warning Is Ominous, But Unclear
Cointelegraph
Published Aug 12, 2020 04:30PM ET
Updated Aug 12, 2020 06:00PM ET
"Tether is an accident waiting to happen," Brandt tweeted on Aug. 10, in response to a separate post looking at USDT's market cap and the total crypto industry's market cap in line with overall digital asset volume. "Tether is just another fiat currency," he added, putting Tether in the same class as national currencies, such as the U.S. dollar (USD).
It is unclear whether or not Brandt feels that the asset's risk lies in its fiat currency status, or its checkered past as a stablecoin. Cointelegraph reached out to Brandt for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.
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Written By: Cointelegraph
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