I just saw a news report saying that Tether's USDT reserve structure has sparked controversy, and I feel a bit confused😵. It seems that Tether holds some volatile assets, such as gold and Bitcoin, which make up a significant portion. This has led some people to worry that if these assets drop significantly, it might affect the stability of USDT.
To be honest, I don't quite understand how these complex reserve structures work. But since USDT is the largest stablecoin, there should be professionals overseeing it, right? However, I saw someone say that if assets decline by 30%, problems might occur, so I’m still a bit worried.
Do you think USDT is still safe? As a newcomer, should I continue holding USDT? Or are there other more secure stablecoins recommended? I really hope someone can explain to me what these reserve structures actually mean🤔
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I just saw a news report saying that Tether's USDT reserve structure has sparked controversy, and I feel a bit confused😵. It seems that Tether holds some volatile assets, such as gold and Bitcoin, which make up a significant portion. This has led some people to worry that if these assets drop significantly, it might affect the stability of USDT.
To be honest, I don't quite understand how these complex reserve structures work. But since USDT is the largest stablecoin, there should be professionals overseeing it, right? However, I saw someone say that if assets decline by 30%, problems might occur, so I’m still a bit worried.
Do you think USDT is still safe? As a newcomer, should I continue holding USDT? Or are there other more secure stablecoins recommended? I really hope someone can explain to me what these reserve structures actually mean🤔