BlockVC Xu Yingkai: If the USDT has a credit crisis, the biggest beneficiary is not BTC, but other compliance stable coins.

On April 26, BlockVC founding partner Xu Yingkai said in the WeChat circle of friends, "In the case of Tether reserve with solvency, if the USDT has a credit crisis, the biggest beneficiary is not BTC, but other stable coins that are so-called compliant endorsements. Such as GUSD and USDC, etc. It is possible to speculate that the related parties behind the United States, in conjunction with US regulators, freeze Tether assets in the name of seizure protection, and spread the bad news of the loss of USDT, causing panic, this is October 15, 2018 The usual tricks from the beginning of the day also explain why the BTC performance is still weak."