3 ms·
As with all of these things it’s about confidence. If there is another wobble, and significant redemptions, any hint that they aren’t going to be fulfilled wil
by topranks 4y ago
As with all of these things it’s about confidence.
If there is another wobble, and significant redemptions, any hint that they aren’t going to be fulfilled will cause a run. At which point the whole house of cards will fall, if as seems likely they don’t have the $67.5B in the bank.
- mrguyorama 4y agoHow can you run on a bank that doesn't allow withdrawals? Tether is very open about how limited their obligation to trade dollars for tethers is.