I don't see a world where Tether collapses and it doesn't affect any other crypto? Rush out might create small gains, but I believe all will be down that day heavily.
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But the prices are effectively tether-denominated, so if reedeemability of tethers is estimated at 10% then to a first approximation you should be willing to spend 10X your true estimate of e.g. Bitcoin’s value to exfiltrate to BTC.
End of conversation
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I think he meant when the USD crashes, but might be true also when Tether will crash (a matter of time?)
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yep! all that red makes me start believing in the potential of blockchain again
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Explain, please?
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I think he’s implying tether will be “red” as it’s very popular to believe the tether is not solvent.
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