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No, Tether and their banking partner Deltec have very little international backing, nor are they the same entity as Binance. Strange to call Tether and Binance
by corv 4y ago
No, Tether and their banking partner Deltec have very little international backing, nor are they the same entity as Binance.
Strange to call Tether and Binance, "weapons aimed at the West", when their implosion would surely do more to damage cryptocurrencies than global US Dollar hegemony.
Of course one would be smart to use other platforms rather than creating single points of failure....
- JumpCrisscross 4y ago> their implosion would surely do more to damage cryptocurrencies than global US Dollar hegemony Crypto never threatened the dollar. What is creating issues is crypto’s risks causing losses to Americans and, possibly, the American financial system.
- corv 4y agoThis crypto and asset bubble was of their own making! Quantitative easing directly lead to inflated asset prices and inflation. Then VCs jumped on the bandwagon and pushed FTX to unsustainable heights. Now people all over the world are suddenly supposed to sit in cash while everything is crashing with high inflation to boot?
- rvnx 4y agoThis is why God created I-Bonds.
- fredgrott 4y agoalso strange wording given US banks are for the most part prevented from offering banking services of crypto exchanges.
- __derek__ 4y ago> Tether and their banking partner Deltec have very little international backing Isn't Tether based in Hong Kong?