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Why do you think that bankruptcy courts wouldn't order the Tether to be sold long before they figure out how to reimburse the creditors?
by skybrian 4y ago
Why do you think that bankruptcy courts wouldn't order the Tether to be sold long before they figure out how to reimburse the creditors?
- Bootvis 4y agoWhat makes you think they would do so quickly? Also, selling to quickly would at least temporarily depeg Tether and cost the creditors money.
- skybrian 4y agoPresumably they'd try to sell it at some rate wouldn't depeg Tether, and the reason to do so is to preserve cash for the creditors in case Tether depegs for some other reason.