Can anyone Give answers?

[cryptoboss2020]

Need answeres about crypto.
What is the usdt Will it be regulated or not?
The usdc?
The cbdc

Answres need for us to be prepared for the future
Members who are top members Here Please answer.
Good If someone who's been in crypto for Long time Will give those answeres!

[Oshosondy]

You create this topic on the wrong board, move it to altcoin discussion.

I can not trust USDt.

But about regulation, cryptocurrencies generally are gradually undergoing regulation step by step. You do not need to segregate stable coins from unstable coins.

[livingfree]

Most of the stable coins are bound for it.

That's what the governments are worried for when they've seen digitally printed USD if there's no backup by real money. And it is the reason why SEC is active this time.

They're looking at cases like this but so far most of them have no issues and AFAIK, USDT's issue has already been cleared, cmiiw.

[ryzaadit]

USDT's issue has already been cleared, cmiiw.

Yes by the court and they pay huge money too.

By the result of the court from USDT case is to give us some proof about them. USDT is not really backup by 1:1 asset maybe only 60-70% of the USDT backup by real money and that was the problem. Sorry to say, holding for USDT for the longer term will not doing that but for only fast transaction yeah maybe you can use it just don't hold it. I also watching some case from CoinMarketCap data history, there has some case while USDT rate going to 0.7$ and back again to 1$.

[zasad@]

usdt uses various blockchains and is not yet regulated
https://wallet.tether.to/transparency
390 Addresses are currently blocked
https://duneanalytics.com/phabc/usdt---banned-addresses
cbdc will use a centralized blockchain where all validators will be owned by the central bank. To use cbdc, you need to go through the KYC procedure

[livingfree]

USDT's issue has already been cleared, cmiiw.

Yes by the court and they pay huge money too.

By the result of the court from USDT case is to give us some proof about them. USDT is not really backup by 1:1 asset maybe only 60-70% of the USDT backup by real money and that was the problem. Sorry to say, holding for USDT for the longer term will not doing that but for only fast transaction yeah maybe you can use it just don't hold it. I also watching some case from CoinMarketCap data history, there has some case while USDT rate going to 0.7$ and back again to 1$.

Thanks for that confirmation.

I haven't seen that moment when it dropped to $0.7 and that's a lot while knowing it's a stable coin. But in history of stable coins, there were some of them that even dropped lower than that price, right?

IIRC, there's really one or two stable coin I guess that completely became worthless because from $1 that shouldn't move, it had moved below that price.

[Baofeng]

Just look at what is happening to Tether, they are under heavy regulatory pressures, so I'm sure there could be more stable coins that are going to be put on the same manner by SEC. So I would say that sooner or later they will be regulated. They have to prove that they don't run on fractional reserves which I think Tether have admitted, (someone correct me If I'm wrong, I'm just basing it on my memory). For one, stable coins should be audited by a third party and they should open their books to regulators.

[shinratensei_]

It will be possible for USDT to be regulated but as per my understanding if it is not yet regulated. All of the tokenized fiat currency will be fully regulated but it's still being discussed by the regulators.

https://www.forbes.com/sites/vipinbharathan/2020/12/20/stable-coin-regulation-with-a-focus-on-the-stableact/?sh=63d1a87f3e5a

But bitfinex was also saying tether already regulated

https://news.bitcoin.com/bitfinex-cto-tether-is-registered-and-regulated-under-fincen-usdt-not-next-target-of-the-us-sec/

[cryptoboss2020]

No matter what happens it need to be beneficial for us!
If Something is not beneficial it should not happening.
I can Walk out of crypto any time If the sec government or any othet those will start to make mess also many Other traders can Walk out.

We only in crypto becouse no BrainFuck.
Once I see brainfck im out of crypto so as many others.

I hate brainfuck I Want things to be quality Simple and useful.