#Tether

Tether plans to create a new stablecoin instead of USDT

The U.S. Securities and Exchange Commission (SEC) has issued new guidelines stating that some fully-backed stablecoins pegged to the dollar and used only for payments or value transfer are not considered securities.

As a result, Tether felt the danger and discussions began on the possibility of issuing a new compliant coin.

This came after USDT faced the same battle and lost it in the European market, leading to its exclusion from the platforms' lists of currencies.

Will we witness a frightening shift to alternative coins like USDC, or will we wait for Tether to issue its new coin?

USDCUSDT

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