Is the FUD surrounding Tether holding back institutional investment into crypto?
I doubt it. Why would institutions care if crypto traders lose a bunch of money when USDT goes to $0?
I hope Tether will still recover and secure its spot in the market.
I'd much rather see some of the new stablecoins take over. First, they have more trustworthy issuers.... Circle, Gemini, Paxos, etc. Second, when Tether inevitably implodes, the less stablecoin market share it has, the better.