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> nobody in the commercial paper markets have heard of them You've spoken to Evergrande and friends? > to buy BTC you really first bought Tether (or USDC) and
by tata71 5y ago
> nobody in the commercial paper markets have heard of them
You've spoken to Evergrande and friends?
> to buy BTC you really first bought Tether (or USDC) and then traded your tether for BTC a minute later
Nnnnno, not everyone uses sketchy and/or first-gen CEXs...
- boc 5y agoI don't think I need to explain how risky it is to buy subprime commercial paper denominated in non-US currency to back up your USD reserves. It's not like Evergrande is teetering on the verge of a massive default or anything...
- tata71 5y ago"...but you have heard of me." Anyway, I agree with you, and hope Tether goes away soon.