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It's not about trading pairs, those can easily switch to USDC or other stables. The big challenge will be the futures markets which are nearly exclusively with
by technotony 5y ago
It's not about trading pairs, those can easily switch to USDC or other stables. The big challenge will be the futures markets which are nearly exclusively with USDT. If tether collapses so do all those futures, which presumably will cause chaotic algorithmic driven effects as hedging positions evaporate.
- humaniania 5y agoWhat about the billions in exchange balances held in USDT? That's a lot of liability for the exchanges holding those, right?
- adflux 5y agoYou mean a liability for the users of that exchange
- chollida1 5y agoCME futures are all USD cash settled. Or are you referring to unregulated futures on some crypto exchanges?
- gammarator 5y ago> those can easily switch to USDC or other stables. So why don't they? Why would literally anyone choose to hold USDT over any other stablecoin?