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BlackRock is spreading Tether “FUD”.
Mentions unbanked stablecoins can create artificial demand.
Discloses Tether fraud has been sanctioned for unbacked tethers.
Discloses Tether laundering money.
I guess the FUD is super effective. pic.twitter.com/av6JMp8IGX
— Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) November 13, 2023
Regulators also flagged potential risks around a number of digital asset market structure matters (including stablecoins) many years ago. As a result, of course ETF issuers will do their best to disclose any potential risk. This is standard process and prudent practice.
— Gabor Gurbacs (@gaborgurbacs) November 14, 2023