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If Tether holders were fleeing, they would be going into other stablecoins like USDC, not BTC.
by oillio 5y ago
If Tether holders were fleeing, they would be going into other stablecoins like USDC, not BTC.
- ur-whale 5y ago> If Tether holders were fleeing, they would be going into other stablecoins like USDC, not BTC. That's assuming other stablecoins are: a) actually backed up by non-risky assets, Quite a stretch. b) can easily be exchanged to USD in large quantities c) can be purchased with USDT Neither of these are particularly guaranteed to actually exist. If I was holding USDT right now (I am not, thank god), my preferred exit route would most definitely be BTC. And in very short order.