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Wondering if this and the everglade situation could be the undoing of tether. Tho Tether seems to be completely disconnected from any sort of reality. Tether i
by RileyJames 5y ago
Wondering if this and the everglade situation could be the undoing of tether. Tho Tether seems to be completely disconnected from any sort of reality.
Tether is speculated to be backed by a lot of Everglade ‘commercial paper’ debt.
https://news.ycombinator.com/item?id=27959852 https://news.ycombinator.com/item?id=27959852
- throwaway4good 5y agoIt is unrelated. If Tether is to unravel it will happen as the broad cryptocurrency market falls and the outflows into USD becomes larger than the inflow into cryptocurrency (via Tether and other means).
- TheAlchemist 5y agoI don't think so. I believe the majority of their commercial paper is in reality IOU to the affiliated exchanges - so money printed from thin air. But I do believe that Tether days are numbered - given the size they reached and the implausibility of the numbers they shared (only beacause they where forced too do so).
- ackbar03 5y agoWhat? As fascinating as this would be the only connection the tweeter makes between the two is that Tether bought a lot of CP and Evergrande happens to need a lot of money. Tweeter needs to get off whatever he's smoking