Tether has paid out $10 billion in withdrawals since the start of the crypto crash
- Thread starter ogc163
- Start date
Ouch
I wonder what politicians will use this election season to push dirty money if not crypto.
Propaganda
Superstar
ya, since the whole LUNA fiasco, a lot of people have been pulling out of USDT and going with USDC instead.
USDT has been pretty shady about what assets are even backing their stablecoin, while USDC has passed several audits and proved they can back their whole coin supply.
USDT has been pretty shady about what assets are even backing their stablecoin, while USDC has passed several audits and proved they can back their whole coin supply.
shotemoffgp
Banned
10 billion is a good chunk, but not really substantial. I'm thinking a lot of rich people would hold liquid in a wallet like tether for privacy and security, more so than middle class people. So 10 billion isn't a lot, but If it continues to rise or if tether defaults, it would be somewhat like the 1929 crash (thats if rich people were deep into it). I heard tether has janky practices, not secure. I think that info got out in time before a lot of people would have went deep into that coin.
ogc163
Superstar
ogc163
Superstar
The Tether Ultimatum
Crypto's "Lehman Brothers" has survived the latest market turmoil, but it has yet to quell fears about its dubious backing
concoda.substack.com
ogc163
Superstar
AquaCityBoy
Veteran
So am I the only one who thought 'Tether' was about something different on the coli?
ogc163
Superstar
ogc163
Superstar
