Ki Young Ju, CEO of Cryptoquant said if the next SEC target was Tether, it would be a nightmare for the next bull run since the crypto market is heavily dependent on USDT.
According to him, USDC, the most legally regulated stablecoin, will eventually replace USDT.
However, Tether’s CTO reassured users. Tether is registered and regulated under FinCEN, similar to all centralized competitors, he said:
It also complies with a strict KYC / AML process that is applicable to all Tether users.