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Given how deep FTX is into USDT, it's rather unlikely they'd survive a Tether implosion, and your short position will there will evaporate in a puff of smoke.
by ur-whale 5y ago
Given how deep FTX is into USDT, it's rather unlikely they'd survive a Tether implosion, and your short position will there will evaporate in a puff of smoke.
- hmate9 5y agoWhat do you mean FTX is deep in USDT?
- ur-whale 5y ago> What do you mean FTX is deep in USDT? https://www.newsbtc.com/news/reason-behind-billions-ftx-tether-purchase/ https://www.newsbtc.com/news/reason-behind-billions-ftx-teth... https://www.youtube.com/watch?v=BQiRA_-VAd8 https://www.youtube.com/watch?v=BQiRA_-VAd8
- VHRanger 5y agoThey (through Alameda) issued about a third of all USDT, ever
- hmate9 5y agoWoah. Wasn't aware of this. This is pretty worrying.