Wish tether would just fail already so wallstreet would stop conflating it with valid Bitcoin criticism.https://twitter.com/SantiagoAuFund/status/1418235374778818562 …
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We’re all counting on you
@paoloardoino
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Also not sure what "tether failing" means. Tether has full backing. Worst case scenario there are big redemptions that will be honored and Tether will become smaller. When you're 100% backed you don't have much to fear.
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You have bitcoin on your balance sheet so anytime bitcoin goes down you aren't 100% backed. The other thing that is painfully obvious is if the companies whose commercial paper you hold went bankrupt you would fail. Also if your accounts got frozen. So many ways you could fail.
End of conversation
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