PSA: Unless someone buys billions of dollars of Paxos, or TrueUSD, or GUSD, or USDC... all at once... to trade them for Tethers... You can’t convert all Tethers to another stablecoin. Someone has to agree to baghold Tether.
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Replying to @Bitfinexed
So true. Who's going to be buying into tether once they hear it's going down.. nobody. The only option out will be paying an insanely high premium on Bitcoin that will result in huge losses.
2 replies 0 retweets 0 likes
Replying to @BoostMyDream
The premium is infinite eventually. Nobody trades something for a nothing. A tether is nothing
9:13 PM - 14 Oct 2018
0 replies
0 retweets
3 likes
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