3 ms·
Maybe USDT keeps reserves in BTC. But anyway, in panic moment on crypto markets the real USD will be in demand. Some exchanges may not survive the run as there
by imhoguy 6y ago
Maybe USDT keeps reserves in BTC. But anyway, in panic moment on crypto markets the real USD will be in demand. Some exchanges may not survive the run as there is not enough money there to pay everyone even $1k for BTC. Exchanges collapsing will take a lot of BTC with them (see history).