{"id":165911,"date":"2024-05-10T11:53:43","date_gmt":"2024-05-10T11:53:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165911"},"modified":"2024-05-10T11:53:45","modified_gmt":"2024-05-10T11:53:45","slug":"tether-fights-back-deutsche-banks-stability-claims-challenged","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tether-fights-back-deutsche-banks-stability-claims-challenged\/","title":{"rendered":"Tether Fights Back: Deutsche Bank’s Stability Claims Challenged!"},"content":{"rendered":"
TL;DR<\/p>\n
There was a controversial exchange of statements between Tether, the world’s largest issuer of stablecoins, and Deutsche Bank, one of the German banking giants. The controversy arises from a report<\/a> published by Deutsche Bank questioning the solvency of stablecoins, specifically<\/a> Tether<\/strong>, sparking a debate about their stability and future.<\/p>\n Deutsche Bank’s report, based on a comprehensive study spanning from 1800 to the present day, reveals concerning data about the history of coins with price-fixing systems. According to the analysis, only 14% of these systems have survived over time, raising serious doubts about the long-term viability of stablecoins<\/strong>, which are prone to “turbulence and decoupling.”<\/p>\n "Deutsche Bank's history of fines and penalties raises doubts about its own standing to critique others in the industry. DB was also named the riskiest bank in the world by the International Monetary Fund."<\/p>\n Tether slams Deutsche Bank over suggestion its stablecoin could fail\u2026<\/p>\n — Paolo Ardoino \ud83c\udf50 (@paoloardoino) May 10, 2024<\/a><\/p><\/blockquote>\n\n