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Because demand for Tether would not actually increase. BTC holders would not look to exchange for Tether in the case Tether turned up unbacked. If BTC sellers
by gillesjacobs 6y ago
Because demand for Tether would not actually increase.
BTC holders would not look to exchange for Tether in the case Tether turned up unbacked. If BTC sellers were to sell they would exchange for other cryptocurrencies or more likely other stablecoins that are actually auditted.