According to PANews, Bloomberg analyst James Seyffart highlighted in a recent post that Circle has identified potential risks associated with USDT in its S-1 filing. The shared screenshot reveals that Circle acknowledges negative developments related to USDT or perceived instability could undermine trust in other stablecoins, including those issued by Circle. Temporary price dislocations in the secondary market or a complete run on USDT could lead to sustained redemption demands or similar price dislocations for Circle's stablecoins. Although Circle has never faced an inability to fulfill customer minting or redemption requests during such dislocations, the volatility in inflows and outflows, along with the demand for minting or redemption, could become so intense that operational challenges might arise in meeting these demands.