@Bitfinexed Genuine question. Was mulling this over today briefly and am wondering.
If an exchange is printing USDT, and uses that USDT to purchase BTC straight, would the major risk be the buy books of USDT dry up on a "bank" run?
Simply leaving USDT purchasers w their bags?
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I think I'm just seeing the problem limited in scope ultimately to those purchasing the USDT. Unless it's mandatory for an exchange to put up an actual dollar per USDT they print. Which I admit, I'm not sure on because I simply haven't cared much about USDT in any fashion.
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If you have time, any insight would be appreciated. I'd like your point of view. Perhaps others would also read it and understand the problem better.
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See my medium posts
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Yep, thanks.
End of conversation
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