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Crypto markets maybe, but not main indexes. Experienced financial players smell tether for the scam it is and don't touch it, or I'd they do, they're in on the
by bduerst 5y ago
Crypto markets maybe, but not main indexes. Experienced financial players smell tether for the scam it is and don't touch it, or I'd they do, they're in on the grift.
Laymen who bought the hype stand to lose a lot though.
- Breza 5y agoMy understanding is that Tether has bought a bunch of bonds and other financial instruments. If they need to raise cash, they would sell those instruments for whatever price they could get. That could lower the prices, which could have negative effects.
- bduerst 5y agoTether keeps moving the buck. First it was all USD backing, then when pressed, they said they actually have it all in bonds/securities, which is just as nebulous and doesn't make it any more authenticated. It's not verified by third parties at all, and they're printing non-stop, which is why many people can spot it for the scam it is.