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A (partial) bank run on Tether already happened. From May 2022 - July 2022, Tether capitalization went from $83B to $66B ($17B withdrawn). The recent bank run
by evdubs 4y ago
A (partial) bank run on Tether already happened. From May 2022 - July 2022, Tether capitalization went from $83B to $66B ($17B withdrawn).
The recent bank run has so far been a lot smaller. From Nov 9th to today, the move has been from $69.75B to $67.25B ($2.5B withdrawn). Maybe if the FTX contagion extends, we'll see more redemptions.
https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/
- SilasX 4y agoA bank "run" where it successfully honors redemptions, and the vast majority don't need to redeem, isn't really what is meant by a run.