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As always, "market can stay irrational longer than you can remain solvent". I wouldn't bet on Tether collapsing at any specific time period, but there are so ma
by AlexandrB 3y ago
As always, "market can stay irrational longer than you can remain solvent". I wouldn't bet on Tether collapsing at any specific time period, but there are so many unanswered questions about how that business is run that a reckoning seems broadly inevitable. We'll see I guess.
Theranos seemed ultra sketchy for a long time before something actually happened.
- wslh 3y ago> ... I wouldn't bet on Tether collapsing at any specific time period ... I think we are completely missing something in the discussion of stable coins such as Tether and USDC even if they are not equal: while the currency is fixed toward the dollar in the blockchain, they receive interest on the real money they have (whatever real balance it is). This could make them very profitable with time.