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Even a mountain of T-bills won't save Tether and Circle from a sudden liquidity crisis, expert says

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The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective.

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bitcoin
Bitcoin (BTC) $ 76,775.00
tether
Tether (USDT) $ 0.99875
ethereum
Ethereum (ETH) $ 2,092.75
xrp
XRP (XRP) $ 1.35
bnb
BNB (BNB) $ 654.61
usd-coin
USDC (USDC) $ 0.999744