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One problem: nobody with BTC will want to trade it for tether if tether collapses, I bet even the market makers would stop exchanging BTC a for tether.
by quickthrowman 5y ago
One problem: nobody with BTC will want to trade it for tether if tether collapses, I bet even the market makers would stop exchanging BTC a for tether.
- jkepler 5y agoRight. But problems with Tether don't affect bitcoin. People who want dollar-pegged digital currencies can hold other USDx tokens, including DAI, which is all provably based on over-collateralized (minimum 150%) debt obligations in a decentralized system.