TRON is used for tether payments in Southeast Asia, so there’s a decent amount of volume there. These tether takes eg “printed out of thin air” etc are tiresome

TRON is used for tether payments in Southeast Asia, so there’s a decent amount of volume there. These tether takes eg “printed out of thin air” etc are tiresome. They also do billions in redemptions. Even if half their commercial paper was in Chinese real estate developers (which I think is a dumb rumor), it’s still likely they end up 90%+ collateralized if everything suddenly moved against them. Around halfway thru this podcast Sam bankman-fried + Matt Levine do some scenario analysis https://open.spotify.com/episode/2Oy0ZRklDSMMu40PTDiyOd?si=M2mcXfijQ1K5kGL4T7UBZA https://open.spotify.com/episode/2Oy0ZRklDSMMu40PTDiyOd?si=M... My take on all of it is that the tether doomers have no idea what they’re talking about. Even the UT finance professors’ charts can be explained by the simple idea that people that made a lot of money in crypto wanted to take some of it off the table.