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> I wonder how Tether getting broadly delisted would impact crypto prices. No reason to think it affects prices at all. The exchange would offer a cash pair or
by dibt 4y ago
> I wonder how Tether getting broadly delisted would impact crypto prices.
No reason to think it affects prices at all. The exchange would offer a cash pair or other stablecoin pair. Most centralized exchanges are combining stablecoin pairs anyway to transparently offer one USD pair.
Tether is most often used as a pair on derivatives (ie perpetual futures). An exchange won't delist tether without having an alternative for perps.
The only reason anybody brings up this stuff is because of all the narratives people spin about tether.
- thirtyseven 4y agoAt the limit, the exchange would only redeem it at par if Tether the company can also do so, right? That's the big open question since Tether has never publicly completed an audit.
- Galanwe 4y agoTether did complete audits. The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not to the point where you could call it a Ponzi. Overall a global move to another stable coin would be good, but it takes time. A state managed stable coin backed by the BCE or fed would really help.
- ABeeSea 4y agoThey did an attestation which is not an audit.
- deleted 4y ago[deleted]