Bitcoin’s tail risk could be ‘sudden loss of confidence’ in Tether

A serious risk to bitcoin could be a “sudden loss of confidence” in Tether (USDT) stablecoin, according to JPMorgan analysts.

In a comprehensive, 86-page report published Thursday, JPMorgan analysts, led by the chair of global research Joyce Chang, said that if USDT were to see any adverse developments, it could impact bitcoin’s price.

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