The same week all asset classes experience liquidation (including gold and bitcoin) as a record $140B shifts to cash. Somehow tether manages to set its own record reaching $5B market cap. Only an idiot would believe that millions of dollars flowed out of cash into tether.
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It's fine, please just leave it
if tether goes down all of crypto goes downThanks. Twitter will use this to make your timeline better. UndoUndo
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This aged quickly…..5Billion is so last year…
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I was just thinking Tether imploding would the the cherry on top of this week
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Thought I’d never see the NOBID finally happen but by god here we go.
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might it cause them to print a billion dollars worth of unbacked Tether in order to place a bid under the crypto "market" & make price recover?
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Interesting. Did they release any information as to how large their exposure actually is?
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On the plus side, it probably won't cause that much news coverage.pic.twitter.com/YYiY1goLvX
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Today we have surpassed a market capitalization of $5 billion, amid a surge in interest in crypto’s most liquid, stable and trusted currency!
This important milestone confirms Tether’s place as the pre-eminent stablecoin, with the biggest market capitalization.