165
16
301
Conversation
This Tweet was deleted by the Tweet author. Learn more
Thanks Sam, I picked up on that with your Coindesk interview.
A few years back you mentioned you didn’t class Tether as a stable coin because of it’s redemption fees and it was a liability to hold too much - I notice FTX uses a lot of Tether now, what has changed?
1
5
10:20 in this video is where you mention this
1
1
FTX does take deposits/withdrawals of USDT and has markets for it.
However USDT is *not* part of the 'USD' basket. So e.g. USDC is fungible with USD on FTX; USDT isn't.
How do you monitor and enforce that? Can someone transfer in USDT, use it as collateral, and then be paid out in USDC? Thanks Sam!
1
3
