What are your thoughts on any future Tether meltdown...will the ramifications be ‘transitory’ lol, or perhaps have a bit of a longer-lasting impact? I’ve heard the ‘influencers’ views, curious to hear yours.
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USDT longs would take damage but I don't see it impacting other assets.
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Just sitting here chuckling to myself wondering if I should continue pondering what a usdt long is, or just nod like a clueless exec when a techie makes a presentation at a meeting and carry on 😂
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hah! Long meaning anyone with USDT price exposure. They might have made loans denominated in USDT or they're directly holding USDT. Those who benefit would be those short USDT, those with USDT debt because it'd become cheaper to pay off the position.