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If tether majorly depegs, let's not kid ourselves, it would absolutely devestate the crypto ecosystem.
by smabie 5y ago
If tether majorly depegs, let's not kid ourselves, it would absolutely devestate the crypto ecosystem.
- lugged 5y agoI honestly disagree. Tether is easily replace by busd. The markets are already ready for it.
- smabie 5y agoWhat would happen to all the future and swap denominated USDT contracts? What would happen to all of the AMM pools? What would happen to all the firms who keep tether reserves to trade with? It would be a blood bath. Almost everyone who works professionally in crypto agrees with this statement. Moreover, BUSD is kind of a joke and the only thing I ever use it for is trading a couple BUSD denominated binance swap products.
- bavell 5y agoI for one can't wait to see the blood bath from crypto "professionals" who foolishly got tangled up in tether!