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Exchanges typically back client USDT/USDC assets partially with USD and partially with fixed interest products. If USDT goes to zero some of the big exchanges w
by sebzim4500 4y ago
Exchanges typically back client USDT/USDC assets partially with USD and partially with fixed interest products. If USDT goes to zero some of the big exchanges will make billions. These are your counterparties when you short USDT vs USD.