5 ms·

I agree, and it does surprise me, but I think it's a mix of 1. tether has been around a lot longer and is on a lot more exchanges 2. tether is.. less well contr

• raesene9 6y ago
  Challenge there is that it doesn't fit the narrative that Tether give about the demand being from "institutional investors". That kind of customer tends (IMO) to be very risk averse. Of course it is possible that Tether are getting custom, but not the kind that wants to leave a bank trail. But if that's the case they're going to fall foul of the regulators sooner or later...
  • qes 6y ago
    > Challenge there is that it doesn't fit the narrative that Tether give about the demand being from "institutional investors" Market makers and trading shops with 7-8 figure funds playing with riskier cryptos or trying to tap worldwide volume. It's not MicroStrategy and Mass Mutual Insurance using Tethers