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There’s just over $68 billion Tether. The 24hr trade volume for BTC alone is just over $50 billion. If all tether were to completely turn to dust, it would no
by ohbleek 5y ago
There’s just over $68 billion Tether.
The 24hr trade volume for BTC alone is just over $50 billion.
If all tether were to completely turn to dust, it would not lead anywhere close to a “gigantic defi crash”. This is in no way a defense of Tether. I’m just zooming out from the hyperfocus on Tether as the pseudo foundation of crypto. That is just simply not the case.
- agnokapathetic 5y agoIf all retail investors were not allowed to buy or sell stocks anymore what would that do to the stock market? Its only 10% of transaction volume, but critical to so many liquidity dependent financial instruments, it would be catastrophic for the market.