Even a mountain of T-bills won't save Tether and Circle from a sudden liquidity crisis, expert says
CoinDesk·
60-second summary
The head of digital assets and tokenization at a German asset manager warns that USDT and USDC, often considered stablecoins, are not truly stable. Even a massive holding of US Treasury bills would not save Tether and Circle from a sudden liquidity crisis, according to the expert, highlighting the fragile nature of these assets in the market.
The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective.