3 ms·
Similar or worse drops happened in 2016, 2017, 2018, and 2020. In other words, business as usual for Tether.
by id 4y ago
Similar or worse drops happened in 2016, 2017, 2018, and 2020. In other words, business as usual for Tether.
- georgeecollins 4y agoYes, and like $50b-$100b worth of trades each day are in USDT, with a market cap of $73b. That's according to coinbase, I can't verify it. When I look at people talking about trading crypto currency on reddit they just don't seem that sophisticated. I am not bashing on crypto, but this seems like a systemic risk people are oblivious to. It won't wipe everything out, but it can't be good for the price.