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If tether pops suddenly, such as by the revelation that the supposed dollar account backing it was a sham, there may not be any cash to out. Simply no one will
by maxander 9y ago
If tether pops suddenly, such as by the revelation that the supposed dollar account backing it was a sham, there may not be any cash to out. Simply no one will buy it, or only for pennies on the dollar.
Alternately, it might drag down other currencies by taking away the illusion of easy crypto-to-dollar exchange that tether offered, but other than that the dominant effect would likely just be investor panic.
So, no one knows how things will turn out! Such is finance. It makes for fun stories, at least.