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FTX has received nearly 30% of the $48,000,000,000 in tethers that have been "minted" in the last year. You are telling me if tether fails they aren't going to
by thefreeman 5y ago
FTX has received nearly 30% of the $48,000,000,000 in tethers that have been "minted" in the last year. You are telling me if tether fails they aren't going to be affected?
- ikeboy 5y agoThat belongs to their customers who will lose a lot if tether fails. Unclear why it would cause FTX directly to lose money - main mechanism is if insurance fund isn't enough to cover liquidations if the price shifts very rapidly but that still doesn't seem enough to blow through their significant capital.