Vladimir Okhotnikov on USDT Centralization: Control of SEC and Federal Authorities Pays Off

The Okhotnikov analytical center published a study of the situation in the cryptocurrency market that has developed as a result of the US government’s actions regarding Tether.

The founder of the center, Vladimir Okhotnikov, a researcher, popularizer and promoter of the ideas of blockchain and Defi, noted that USDT until recently demonstrated stability and reliability. Many people today use USDT as a tool to save funds and carry out various transactions. Tether plays an important role in providing access to the global financial system, regardless of a person’s material wealth or place of residence. This state of affairs is achieved by backing the issued USDT with US dollars, as well as by complying with financial laws.

USDT meets the requirements of government authorities:

• complies with OFAC/SDN sanctions lists;
• has an internal investigations team using advanced analysis tools;
• partners with Chainalysis to provide best-in-class transaction monitoring.

The head of Tether stated the company’s desire to become a partner of the United States and help expand dollar hegemony.

Despite global government control, there are often cases of blocking of crypto wallets that have nothing to do with terrorism or fraud. Okhotnikov expresses fears that as a result of the loss of decentralization under the influence of government agencies and the SEC, the use of USDT will become almost impossible. Vladimir noted some facts that cast doubt on the USDT’s stability:

• Compliance with the requirements. Although Tether claims to fully comply with all applicable laws and regulations, there are doubts about the company’s transparency as it has never been audited for full compliance.
• Providing a token. It is believed that less than 30% of USDT issued is backed by real US dollars, casting doubt on the company’s claims of a full reserve.
• Communication with the government. Some users express dissatisfaction with the fact that the company is under the protection of US intelligence agencies.
• Potential risk for the global economy. The use of USDT as reserves by many countries increases potential risks, since the collapse of the cryptocurrency could trigger a chain reaction of uncontrollable economic processes on a global scale.

Currently, the situation around USDT raises many questions and concerns. Everything looks as if there are many secrets and mysteries hidden behind the attractive outer shell. Ordinary investors who trust their savings to cryptocurrencies become pawns in a game where the interests of companies and the SEC collide. Hunters are wary, while some successfully make money on USDT exchange rate fluctuations, others may suffer losses and even lose what they had.

In conclusion, the head of the analytical center emphasized that any government intervention in the activities of the USDT issuer could have unpredictable consequences for the cryptocurrency market. Read more about the situation in the DeFi market under the influence of regulatory authorities and the SEC in the article where Ripple CEO Brad Garlinghouse carelessly spoke about Tether.

About the Okhotnikov company

The Okhotnikov Analytical Center works in the field of cryptocurrencies and blockchain technologies. The center’s specialists develop strategic solutions and business plans that help integrate businesses into the decentralized finance (DeFi) market, taking into account modern trends in the financial market.

Vladimir Okhotnikov’s Press Center

https://vladimirokhotnikov.com/

sales@vladimirokhotnikov.com

Floralia, LLC

Phone: +7(771)317-20-55

Address: Kazakhstan, 041609, Almaty region,Talgarsky district, Besagasky rural district, Besagash village, Rayymbek Batyr st, 285

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