USDT vs USDC safety: Anyone have thoughts on which is safer and why?
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@SBF_Alameda if you see this tweet, your thoughts here would be incredibly insightful14 replies 6 retweets 180 likesShow this thread -
Replying to @AltcoinPsycho
mostly think both are decently safe USDT has better secondary market liquidity, USDC has better primary market liquidity in the end a lot comes down to whether you're worried about 1%, 10%, or 90% crashes
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Re: market crashes Tether went to 3B to 63B starting from march 2020 black swan crash. Being super liquid on CEXes was the key for us. If market crashes 90% pretty sure stablecoins, all of them not only tether, might still grow more.
8 replies 2 retweets 46 likes -
When he says 90% crash he’s referring to tether being fraudulent, not bitcoin collapsing. Market cap up/down is of little consequence to holders.
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Tether is liquid, never failed to perform a redemption (plenty of information and parties confirming this publicly). Markets don't lie: Tether price is at 1$ everywhere, even with all donkey's FUD. So trust is clear.
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I regularly use and will continue to use USDT, but there’s nothing you can say that makes collapse *zero* risk, which is what this conversation is about. There are things you could say to reduce it though, like more details about where your reserves are held.
2 replies 0 retweets 4 likes
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