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Could you clarify why this should concern me as a BTC holder? As I understand, Tether buys come in two cohorts: 1. Retail/Institutional USD/other --> Tether --
by TuringNYC 5y ago
Could you clarify why this should concern me as a BTC holder? As I understand, Tether buys come in two cohorts:
1. Retail/Institutional USD/other --> Tether --> BTC
2. {over-minted/under-reserved Tether} --> BTC
I dont see 1 as a problem, as Tether is just a conduit for the actual transaction. I can see the issue in 2, but is that an issue any longer given the current scrutiny?