Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Dispute between Deutsche Bank and Tether over stablecoin stability report
TRADING NEWS

Dispute between Deutsche Bank and Tether over stablecoin stability report

By Crypto FlexsMay 12, 20245 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dispute between Deutsche Bank and Tether over stablecoin stability report
Share
Facebook Twitter LinkedIn Pinterest Email

join us telegram A channel to stay up to date on breaking news coverage

In a contentious interaction, leading stablecoin operator Tether has issued a report calling into question the viability of stablecoins, including Tether’s own USDT, from Deutsche Bank. Bank) was fiercely criticized. A May 7 report speculated on the possibility of a destabilizing “peso moment” similar to Terraform Lab’s TerraUSD (TUSD) collapse in 2022, which wiped about $40 billion from the market in just a few days.

Stability issues and transparency analysis of Tether operations highlighted in Deutsche Bank report

A Deutsche Bank analysis that reviewed 334 currency pegs over the past 223 years found that nearly half of pegged currencies fail within the average lifespan of 8 to 10 years. This historical perspective has led Deutsche Bank analysts to predict significant volatility and an eventual depegging event within the cryptocurrency stablecoin sector. Analysts have highlighted a general lack of transparency and sensitivity to speculative movements as a key factor likely to lead to the failure of many stablecoins.

Moreover, the bank specifically targeted Tether, citing its “questionable” solvency status and opaque handling of reserve disclosures. In response, Tether released a statement attacking the report’s credibility and criticized the report’s lack of specific data and reliance on “vague claims.” The stablecoin company also dismissed comparisons to TerraUSD as “misleading and irrelevant,” given that Terra is an algorithm-based stablecoin, unlike Tether, which is backed by reserves.

Tensions are rising over the viability of stablecoins and financial transparency.

A Tether spokesperson responded that Deutsche Bank’s criticism seemed ironic. This may be seen as undermining its power to assess others within the financial sector, especially given the bank’s own history of imposing fines and penalties. Despite criticism over transparency, Tether has provided several financial certifications that indicate it maintains more than $110 billion in fiat-denominated reserves, although this does not equate to a full financial audit. A financial audit examines previously undisclosed data, risk and compliance issues, while an attestation only captures a snapshot of specific data points.

Scrutiny of Tether’s deposit transparency has been an issue for a long time. Under the 2021 settlement, Tether paid an $18.5 million fine and was banned from operating in New York. This follows claims that Tether misrepresented how much of its reserves were backed by fiat collateral. Nonetheless, Cantor Fitzgerald CEO Howard Lutnick expressed confidence in Tether’s financial health, stating his belief that the company actually has the funds it needs.

The dispute continues to highlight fundamental concerns about the stability and transparency of the stablecoin market, highlighting the delicate balance between cryptocurrency innovation and the need for regulatory oversight and clear financial practices.

“Deutsche Bank’s history of fines and penalties raises doubts about its own standing that could lead to criticism of others in the industry. DB has also been ranked the world’s riskiest bank by the International Monetary Fund. “

Tether criticized Deutsche Bank’s suggestion that its stablecoin could fail.

— Paolo Ardoino 🍐 (@paoloardoino) May 10, 2024

Dogeverse: Revolutionizing the Meme Coin Market through Chain-Hopping Innovation

Dogeverse introduces a groundbreaking concept to the cryptocurrency market featuring the ability to operate on six different blockchain platforms, providing significant advantages for both the near and distant future. Not only is this token unique due to its interoperability, but its attractive mascot Cosmo, a charming Shiba Inu, further enhances its appeal as a meme coin.

Operating on a variety of blockchains such as Ethereum, BNB Chain, Polygon, Base, Solana, and Avalanche, Dogeverse started out as a meme coin, but shows the potential to go much further. This multichain functionality not only expands accessibility to attract users from a variety of platforms who value different features, such as the cost-effectiveness of Solana or the innovative advantages of Ethereum, but also addresses and potentially unifies the fragmented nature of the blockchain community. Dogeverse aims to foster a unified community across these different chains by leveraging technologies like Wormhole and PortalBridge.

Moreover, the project is rich in folklore developments. The project’s mascot, Cosmo, is central to its growing mythology, and each blockchain’s community could potentially add to Cosmo’s legend, elevating him to a mythical status that could rival Dogecoin.

Dogeverse has a broad supply of 200 billion tokens, of which 30 billion are allocated for structured presales. This pre-sale will be divided into 10 phases, with token prices starting at $0.0000290 and going up to $0.000299 in the final phase. The funding goal was set at a soft cap of $8.83 million and a hard cap of $17.02 million.

The token’s multi-chain strategy and the appeal of its knowledge fueled its rapid fundraising success, raising over $300,000 on the first day of pre-sale. Enthusiasm surrounding this innovative token continues to grow, and potential investors are encouraged to learn more and participate at thedogeverse.com.

Visit to Doji Bus

doggers

Related news

SMOG – Meme Coin with Rewards

smog tokensmog token
  • Airdrop Season 1 Live Starts
  • Earn XP to Win $1 Million in Stake
  • Cointelegraph Special
  • Staking Rewards – 42% APY
  • 10% OTC discount – smogtoken.com

smog tokensmog token


join us telegram A channel to stay up to date on breaking news coverage

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ripple Stablecoin RLUSD gets a green line to use in Dubai Difc.

June 4, 2025

The world’s best cloud platform: BCC Mining can easily earn $ 77,000 a day.

June 3, 2025

OTC encryption transaction | Careful gateway to direct digital asset exchange

June 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Nvidia

June 4, 2025

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025

NVIDIA Blackwell achieves an improvement of 2.6x performance in MLPERF training v5.0.

June 4, 2025

NVIDIA MLPERF V5.0: Reproduces the educational score for LLM benchmarks

June 4, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Did the Altcoin season end in 2025? Experts think that it was delayed that it was not dead.

June 4, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025

Floating Point 8: Low precision AI training innovation

June 4, 2025

Is Ether Lee leading capital rotation to Bitcoin Dominance Falls -Altcoin Rally?

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Nvidia

June 4, 2025

Bitcoin robbery is a trader after market rotation; ETH, DOGE LEAD majors

June 4, 2025

IP cooperation with the original ZEUS artist and trademark holders

June 4, 2025
Most Popular

Why is Shiba Inu (SHIB) price up 7% today?

December 14, 2023

The Technical Architecture of the Quantum Cats

April 15, 2024

Chainlink Soars 18% in 3 Days – How Whales Helped LINK’s Recent Soar

January 6, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.