There are a few things that fall forever in the encryption market, but at least the battle between two main stablecoins USDT and USDC, and their Tether and Circle exporting companies, are here to stay for a while.
The latest round of tension, if you can call it, came today when Paulo ErdinoWho is the CEO of Tether, took a slight excavation in their main rival with the demand “Tether does not need to join the public.”
This can be considered as a direct criticism in Circle, where the USDC source was recently presented to SEC for a preliminary general offer, as it plans to include it on the New York Stock Exchange. Circle did not say what are the terms of the public subscription, but if the regulator gives the green light, the offer will be made after completing the due care.
It is clear, in Erdino’s statement, regardless of the pits in his closest rival, is the reassurance that good tension books that the Usdt source does not need to attract more capital and take what is sustainable. You can definitely look at it this way.
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According to the latest disclosure, Tether collects approximately $ 148 billion in reserves to support the distinctive figh tension, most of which are US Treasury bills. Bitcoin also has a place in USDT reserves with 92,646 BTC, equivalent to about $ 7.78 billion, supporting Stablecoin.
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On the other hand, the company’s rejection of the public can also be considered as a strategy to avoid detailed scrutiny of these same reserves, which is the alleged instability regarding spices for a long time.
At the same time, the encryption market remains able to compete as it has always been, and these general challenges are definitely what makes this place special.
