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I generally agree that they should allow a proper 3rd party audit and disclose their USD asset management strategy. The biggest counter-argument is just the or
by aeternum 6y ago
I generally agree that they should allow a proper 3rd party audit and disclose their USD asset management strategy.
The biggest counter-argument is just the orders of magnitude of the two. Tether's market cap is 20b whereas bitcoin's is 350b. While that's large enough to cause a temporary shock and can be used for short-term manipulation, it likely not enough to cause long-term damage.