Tether Under Fire: Analyst Questions Backing and Potential Market Vulnerabilities

Cryptocurrency markets are facing renewed scrutiny regarding Tether (USDT), a stablecoin pegged to the US dollar. Analyst Deso, on social media platform X, has sparked controversy by suggesting USDT reserves may be relying on borrowed funds and unstable financial cycles rather than actual cash reserves. This raises concerns about potential security vulnerabilities within the cryptocurrency market.