Will Europe’s Tether Ban Trigger Crypto Market Crash?

Quick Summary:

Tether (USDT) is the biggest stablecoin, and it is considered ideal for crypto transactions due to its value being pegged to the dollar.

At a time when Donald Trump promised to make America the crypto head, Europe followed a different path with the Tether Ban.

Amid this Tether news, critics have also presented their views on the stablecoin, questioning its lack of audits and calling it a $118B scam.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: India

Topics: Crypto market crash Tether USDT Tether FUD 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 15:39:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 46 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24695653

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 14 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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