🚨 BREAKING UPDATE 🚨

The recent alert by HSBC has made ripples on the market with the bank pointing to the growing levels of risks on the possibility of the $USDT losing its peg due to the recent downgrade of S&P Global.

This has already become a hot discussion in the crypto world and poses risks to traders who are extremely dependent on the liquidity of stable coins.

The rating has raised new questions regarding the stability of the $USDT particularly on the turbulent market times when the investors will rely on it as a safe haven.

With the alarm being raised by one of the largest financial institutions in the world, a number of them are beginning to re-evaluate their short term risk exposure and positioning.

As Tether has not lost its peg over several market cycles, the present macro environment makes this caution difficult to overlook. As long as the uncertainty keeps on building, there is a possibility that there will be capital flowing out into other stable coins or even to Bitcoin as traders insure against the possibility of instability.

Until now, the attention is still focused on the market performance of $USDT .

The next several days will be instrumental in deciding whether such a warning will develop into a genuine threat or another move in the crypto ecosystem that is temporary.