That means they'd be accepting liability for tether though. If I deposit cash into bitfinex and send tether to huobi, they never received my cash, just my fake usd. There wouldn't be any usd in their bank account to back that tether up so they'd need to try to redeem it before
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A better idea for Huobi would be get the fuk out of crypto.
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Turned your attention to Huobi did you...
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What about the interest paid as a result from holding ?
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Cryptos would have real value if able to set up alternative systems of trust and create added value. Stablecoins will get value not only by safe fiat backing but mainly by pairing credible cryptos. So it's all at the sake of exchanges and their expertise in evaluating projects.
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$fool & his money are soon separatedThanks. Twitter will use this to make your timeline better. UndoUndo
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they can't