"US May Pressure Tether to Secure Leadership in Digital Assets"

Source
Son Min

Summary

  • Jo Jae-woo, Director of Hansung University Blockchain Research Institute, stated that the United States may take strong measures against Tether (USDT).
  • The US wants USDC to become the main axis to secure leadership in digital assets, he reported.
  • Stablecoins are a key element of digital asset leadership, and the United States has shown willingness to strengthen its leadership by weakening USDT.

Opinions have emerged that the United States may take strong measures against Tether (USDT).

On the 3rd (local time), Jo Jae-woo, Director of Hansung University Blockchain Research Institute, stated through X that "the core of Trump's strategic stockpiling of digital assets (cryptocurrencies) statement is MAGA (Make America Great Again)," assessing that the US has revealed its determination to take the lead in digital assets.

He continued, "In this context, the coin that requires the most attention is USDT," adding that "this is because USDC needs to become the main axis for the US to take leadership in stablecoins." He added, "Stablecoins are a key element of digital asset leadership," and "strong measures or statements could emerge to weaken USDT, which is a competitor to USDC."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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