Tether, the heavyweight champion of stablecoins, is throwing punches back at Deutsche Bank after the German financial giant released a research report predicting doom and gloom for most stablecoins.

Deutsche Bank's study, titled "The Coming Stablecoin Storm?" throws shade on the entire stablecoin market, claiming only a measly 14% of historical currency pegs have survived the test of time. Applying this logic to stablecoins, the bank's analysts predict "turbulence and de-pegging events" that will cause most stablecoins to crumble.

Tether, unsurprisingly, isn't buying it. They slammed the report for lacking "clarity and substantial evidence," accusing the analysts of relying on "vague assertions" instead of cold, hard facts. Tether argues the report fails to deliver concrete data to support its claims of an impending stablecoin apocalypse.

The crux of Deutsche Bank's argument hinges on the lack of transparency within the stablecoin industry, particularly with Tether itself. The report highlights the TerraUSD collapse as a cautionary tale, emphasizing the need for more transparency and regulation.

Deutsche Bank goes a step further, taking aim directly at Tether's dominance, raising concerns about its "monopoly in the stablecoin market" and its crucial role in crypto derivatives. They warn of a potential "Tether peso moment" that could trigger a domino effect, causing significant losses and wreaking havoc across the entire crypto ecosystem.

Tether remains unfazed by these criticisms. They dismiss the report's consumer survey – which found only 18% of respondents believe stablecoins will thrive – as irrelevant and out of touch with the evolving crypto landscape.

The clash between Tether and Deutsche Bank highlights the ongoing debate surrounding the stability and future of stablecoins. With Tether at the center of the conversation, all eyes are on whether they can weather the storm or become the very cautionary tale Deutsche Bank warns about.