One concern that I have for USDT is if the SEC would classify this stablecoin as a security. I know that they are possibly working on that case, but let’s just hope that SEC would not target USDT next. I know that XRP has gone down the wire because of their pending lawsuit from the US SEC, but USDT’s collapse would be total chaos for Bitcoin, Ethereum and other cryptocurrencies.
Yes thats the problem if SEC is also looking to file a case against USDT then many coins will be affected not only BTC since USDT is also have their own market pair all of them will all be affected in price . maybe 20-30% dump will happen to many crypto currency if SEC sued it the same with XRP.