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Exactly. To be certain, most people/firms would prefer to hold another stable coin vs tether, but if I have to have some tether exposure to earn some returns (a
by smabie 5y ago
Exactly. To be certain, most people/firms would prefer to hold another stable coin vs tether, but if I have to have some tether exposure to earn some returns (as sometimes is the case), then that's what I'll do.
Regardless, for the tether skeptics, they should put their money where their mouth is and short it.
PS: I personally think tether is sketchy, but it's not something I lose sleep over. However it is prudent for one to think about what will happen in the case of a tether depeg (both minor and major), and plan accordingly so you won't become destitute if it happens.