Soul Searching Question: Is your stablecoin still safe? 😱 When Moody's took action, I felt like the USDT in my hands was a bit too hot!
Sisters and brothers, have you been paying attention to Moody's stablecoin rating framework recently? When I saw this news, the USDT in my hands felt a bit too hot! 🔥
This thing, to put it bluntly, is like a "tightening spell" imposed by regulators on stablecoins! They want to rate based on reserve quality, and once your stablecoin rating doesn't meet the standards, you might face a run risk, and it’s not impossible for it to turn into worthless paper overnight! 💸
Think about it, we Web3 lifestyle enthusiasts, usually use USDT for payments, play DeFi, and buy NFTs. If the stablecoin itself is not stable, then where is our freedom in the Web3 lifestyle? This is simply the sword of Damocles hanging over our heads! 🔪
**So, is your USDT still safe now? Do you think this rating framework is a good thing or a bad thing? Share your concerns in the comments! 💔**
