2 ms·
"small(ish)" a trillion USD (+/-) is not exactly small
by qaq 5y ago
"small(ish)" a trillion USD (+/-) is not exactly small
- arcticbull 5y agoAs of today, we know about 3.87% of the 56 billion outstanding Tethers that help define that market cap are backed by cash. During the big dump to 46K a day ago, Coinbase' bid-ask spread went to $1000-2500 depending on when you looked. That's a serious lack of liquidity. While a "trillion" is not small, its a completely illusory number.