Yesterday I came across an interesting news about Tether. Paolo Ardoino, the head of the company, stated that the US could "destroy" USDT at any moment if they wanted to.

To be honest, this made me think. On one hand, Tether claims that USDT is fully backed, and the company works with 180 government agencies to minimize the risks of using the stablecoin for criminal purposes. On the other hand, the possibility of such intervention from the US raises doubts about the safety and independence of cryptocurrencies.

It seems to me that this news highlights the importance of diversification in the cryptocurrency world. I have been trading on Binance for a long time, but maybe it’s worth considering other options to minimize risks and not depend on a single asset.

I can’t say that I am thrilled about this news, but it definitely made me look at the cryptocurrency market from a new perspective and analyze my investments.

$usdt