this is a whole lot of nonsense, there are so many problems with this article. if regulators were on bitfinex case, why would they abandon a stablecoin that is insulated from US regulations to ones that are far more risky?
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important part for me was about Tether buying it back which should increase confidence in it actually. Not speculating on Finex winding it down but yea that makes sense
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october "great month" for stablecoins? they were all listed because there is a ton of speculation on their peg value and exchanges make money for these listings. its not really a positive for stablecoins that there are speculators passing usd back and forth at a fee.
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bitfinex banking relationships basically have nothing to do with tether use. They also aren't disclosed, HSBC news is not even verified and doesn't remove need for tether.
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in reality, the winklevii are causing a lot of the fud because they are releasing a similar product, market reacted to this usdt got arb'ed back fairly quickly. https://twitter.com/coindesk/status/1052326198825689090?s=19 … like this garbage.
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Such as?
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