1. After several years of development, USDT has become the highest market share. However, when the USDT fire is not regulated; selectively issued; Tether's account amount is insufficient, Tether's bank account information is not public, and no credible audit reports have proved that their corresponding US dollar reserves, some core information Unwilling to disclose ... it has been questioned. So the black dollar produced. 2. In essence, stablecoins such as USDT are endorsed by physical assets and issued by private enterprises based on the full US dollar mortgage. Its monetary policy is not independent. The protocol is opaque, the risk of over -issuing, the information is blurred, and the code update is not timely. Therefore, in general, everyone is facing the potential risk of "unstable". 3, the event of USDT is not accidental. The risk of USDT also reflects the systemic risk of stable currency supported by fiat currency. This is not just a rope family. The reason is that these stablecoins are like two peas in USDT, which are similar to Tether in the real landing of assets and cooperation with high -risk small banks. Therefore, although stablecoin has asset mortgages, the risk is still very large. 4. Although the recent projects have made meaningful progress in supervision, such as government approval. But we need to distinguish the government's attitude. For example, in the press release announced by the Financial Services Department of New York, the purpose of clear supervision is not to solve the risks in the project. The expanded information; 1. The incident also exposes the intention of supervision. The New York Prosecutor's Office may convey two intentions. One is to send signals to the market through this way of publishing facts; the other may not be acknowledged that this operation is not acknowledged. The New York General Attorney General's Office is preparing to punish Bitfinex and Tether to participate in the cryptocurrency industry illegally. 2, Tether's trust crisis has shifted investors' attention to other "more qualified" stable currencies. At the same time, the emergence of regulatory stable coins has begun to attract investment attention. 3, September 10, 2018, the New York Financial Services Authority (NYDFS) approved two stablecoins based on Ethereum, namely GUSD and PAX. 4. The two -obtained two stablecoins are Gemini Dollar issued by the Gemini exchange founded by the famous twin brothers of the currency circle and the PAXOS standard issued by PAXOS, a blockchain company specializing in financial institutions. Both companies are trusting companies registered in the United States. 5, Gemini Exchange announced that the world's first regulated stablecoin Gemini Dollar (hereinafter referred to as GUSD) was officially issued. The regulatory agency mentioned in the Gemini announcement is the New York Financial Services Authority (NYDFS). The New York Financial Services Authority is a financial regulatory agency in New York State. It is not a US federal -level institution. Unexpected endors of the US government. It hope to help you.
1. After several years of development, USDT has become the highest market share. However, when the USDT fire is not regulated; selectively issued; Tether's account amount is insufficient, Tether's bank account information is not public, and no credible audit reports have proved that their corresponding US dollar reserves, some core information Unwilling to disclose ... it has been questioned. So the black dollar produced.
2. In essence, stablecoins such as USDT are endorsed by physical assets and issued by private enterprises based on the full US dollar mortgage. Its monetary policy is not independent. The protocol is opaque, the risk of over -issuing, the information is blurred, and the code update is not timely. Therefore, in general, everyone is facing the potential risk of "unstable".
3, the event of USDT is not accidental. The risk of USDT also reflects the systemic risk of stable currency supported by fiat currency. This is not just a rope family. The reason is that these stablecoins are like two peas in USDT, which are similar to Tether in the real landing of assets and cooperation with high -risk small banks. Therefore, although stablecoin has asset mortgages, the risk is still very large.
4. Although the recent projects have made meaningful progress in supervision, such as government approval. But we need to distinguish the government's attitude. For example, in the press release announced by the Financial Services Department of New York, the purpose of clear supervision is not to solve the risks in the project.
The expanded information;
1. The incident also exposes the intention of supervision. The New York Prosecutor's Office may convey two intentions. One is to send signals to the market through this way of publishing facts; the other may not be acknowledged that this operation is not acknowledged. The New York General Attorney General's Office is preparing to punish Bitfinex and Tether to participate in the cryptocurrency industry illegally.
2, Tether's trust crisis has shifted investors' attention to other "more qualified" stable currencies. At the same time, the emergence of regulatory stable coins has begun to attract investment attention.
3, September 10, 2018, the New York Financial Services Authority (NYDFS) approved two stablecoins based on Ethereum, namely GUSD and PAX.
4. The two -obtained two stablecoins are Gemini Dollar issued by the Gemini exchange founded by the famous twin brothers of the currency circle and the PAXOS standard issued by PAXOS, a blockchain company specializing in financial institutions. Both companies are trusting companies registered in the United States.
5, Gemini Exchange announced that the world's first regulated stablecoin Gemini Dollar (hereinafter referred to as GUSD) was officially issued. The regulatory agency mentioned in the Gemini announcement is the New York Financial Services Authority (NYDFS). The New York Financial Services Authority is a financial regulatory agency in New York State. It is not a US federal -level institution. Unexpected endors of the US government.
It hope to help you.