SummaryPreviously, Tether did not make sense to hold for interest. USDC had greater transparency and CeFi interest rates for both were similar.Recently market conditions have changed to make double digit interest on Tether an attractive prospect.There are many risks with Tether. It will be important to carefully monitor progress toward a complete audit and their relationship with the US government.The NutshellIn my previous article, USCoin: How To Earn 6-12% Interest Safely With Stablecoins, I made the case that Circle's USD Coin (USDC-USD) was preferred over Tether (USDT-USD) primarily because USDC was transparent with their financials and interest rates for both were about the same.Since the catastrophic Three Arrows Capital losses and CeFi implosion, the crypto landscape has changed dramatically. This article will detail the risk versus reward decision that led me to commit seven figures in USDT for double digit interest rates.How We Got HereThings were plodding along in our beloved crypto world until May this year. Then a series of events unfurled that led to the destruction of almost a trillion dollars from the global cryptocurrency market cap.1) In May 2022 the algorithmic stablecoin Terra (UST-USD) broke its dollar peg and rapidly shrank to zero for both UST and its companion coin (LUNC-USD). $60 billion of value disappeared faster than you can say "Much Wow."2) Three Arrows Capital lost over $200 million when the Terra...
XRP Price Prediction For 24 November
