Legal disputes between Tether, the cryptocurrency exchange Bitfinex, and the US regulators are on the list of the most clamorous scandals of the industry. Economic events that could trigger dollar's collapse 5. Eloisa Marchesoni, a self-made crypto-entrepreneur who's advised over 35 startups and financed multiple tech patents, is concerned that Tether may not have enough accessible funds to support the tokens it's issued. "Tether said its reserves consisted entirely of USD, but disclosures from the firm revealed it had very little cash and rather much unidentified commercial paper," she said. Sed convallis eros id dolor rutrum, non tincidunt enim egestas. If Tether collapses, we may see something like the following unfold: Panic ensues on offshore exchanges, like Binance and Huobi, as traders begin dumping USDT and buying up BTC at any price. "Regulation of stablecoins would help the crypto industry, precisely by hindering probable valuable scams like Tether," she explained. "Could it collapse? Donec accumsan, risus ut ultrices fermentum, sapien erat elementum velit, at laoreet diam dui in massa. Tether's stablecoin dropped to $0.94 on Thursday as crypto markets panicked after the collapse of UST and luna. Pellentesque blandit gravida nunc, ac mollis nisl euismod at. At the same time, Bitcoin has a historical peak spike of 69,000 USD/BTC. Topics: - #FTX Collapse - What happens in the next Bull Market - #Bitcoin Commodity & CFTC Crypto Update - Markets Wobbled Could Tether (USDT) Collapse Next Integer rhoncus lacinia cursus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Crypto and tokenomics expert Eloisa Marchesoni warns that Tether could be next to experience a run on the bank, which she explains could impact the whole industry. But the bitcoin movement is not built on the back of tether.. Proin vel vulputate urna. In hac habitasse platea dictumst. Fusce pretium tincidunt ultrices. Mauris eleifend nisi eu felis mollis laoreet. If the New York attorney general can find proof of fraud, then the number-three cryptocurrency could be in for a rocky road. Aenean dignissim metus nec lectus auctor rutrum. However, Tether has been claimed to be a scam and not actually backed by anything. With a stablecoin steadily looking less and less stable, that might be an offer worth taking. XRP Price Shows Bullish Signal: Will Crypto Whales Trigger a March Rally? Tether briefly lost its dollar peg on Thursday after the implosion of FTX shook the confidence of the entire crypto market. Following the collapse of Luna ponzi and the UST token there was heavy dumping of USDT across the board, as the panic spread Tether has briefly lost the "peg" and traded at a 5-6% discount.. With a market cap of over $70 billion, the worry is that it may not have enough cash in the bank to support all the USDT tokens out there.