Analysis: The main risk of USDT is not the reserve ratio, but the safety and smoothness of the legal currency channel.

Liu Chang, the founder of Zhimi University and director of the Blockchain Economic Research Center of Chongqing Technology and Business University, said on Weibo that the main risk of USDT is not the reserve ratio, but the security of the legal currency channel. Regardless of the 80% or 100% reserve, the disaster caused by the regulatory freeze and the blockade of the US dollar reserve is almost the same.