Usdt fud update ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Today i am going to talk about usdt. There’s been a lot of concern about USDT (Tether) and whether it will lose its dollar peg on December 30th, or if it could cause a market crash. Let’s clear things up. First, centralized crypto exchanges must follow the rules of the country they operate in. If they don’t, governments can shut them down, like we saw in India last year. Now, USDT is being delisted from EU exchanges due to new regulations (MICA) because it doesn’t meet compliance standards. This doesn’t mean USDT will disappear, but it won’t be available for trading on those exchanges after December 30th. Investors can still convert USDT into other stablecoins like USDC or DAI.

There’s concern that USDT could lose its peg to the dollar, like UST did in the past, but this is unlikely. USDT is the largest stablecoin and has strong backing, so a crash isn’t expected. The EU is introducing its own stablecoin, EURC, to replace USDT, where 1 EURC will equal 1 Euro. In short, there’s no need to panic. USDT delisting won’t crash the market. Investors can switch to other stablecoins or move their funds into Bitcoin, which is often seen as a safer bet during times of uncertainty. I hope this clears up the situation. That's it for today. Thanks & have a good day!!

@abfarhan