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Why would Bittrex be hit by this?

• burger_moon 9y ago
  I believe the parent commenter is referring to other exchanges that trade tether.
• modeless 9y ago
  Tether is a large fraction of their volume and likely deposits as well. If all that money vanished overnight their customers would be extremely upset. Also, without Tether they could no longer pretend to have USD support. So many people are fooled by "USDT" into thinking that they have dollars. Could Bittrex push all the blame onto Tether and just keep operating as if nothing happened? I don't think this would work very well. At the very least this would suddenly point a ton of law enforcement scrutiny in Bittrex's direction which might end the unlicensed money transmitter party over there.
• deleted 9y ago
  [deleted]