3 ms·
2 things that haven't been mentioned. Why doesn't it collapse? 1. It took one twitter post by CZ to bring down FTX and it had one of the cleanest images aroun
by kobalsky 4y ago
2 things that haven't been mentioned.
Why doesn't it collapse?
1. It took one twitter post by CZ to bring down FTX and it had one of the cleanest images around. Maybe people just "ran to the bank" and were able to get their funds back at the expected rate so the panic went down.
2. There's one major FUD about USDT every month published by major sites. If a bank run stemming from a news post was gonna crash it would have happened already.
- tsimionescu 4y agoFTX was perhaps uniquely bad at what it was actually doing. I would bet few institutions in the history of the world have ever misplaced 10B$ worth of value, for example. If Tether is somewhat more competent, then they can be far more reliable.