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January 07, 2021, 10:53:00 PM |
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Ok for context, tether fud has been around from day 1, I remember it well and asked the question a few years ago why Tether had not collapsed.
I concluded that there was a lot of FUD around tether.
Now the 'meme's are
[1] 15th to produce documents to NYAG' and surrounding litigation and
[2] Tether is the main on-ramp for crypto funding.
[3] Tether pumps then the market pumps.
What is your view on all this particularly the 15th?
What I want to know who exactly sending money to tether and where from to buy all these USDT? and who is their banker? I mean the are presumably putting the USD somewhere.
One senerio....suggested. >If tether blows initial panic selling will occur >After initial withdrawals, exchanges won't be able to supply real USD for further withdrawals, because they won't be able to convert 1 tether for 1 usd (because tether prints out of thin air) >that's when the shit really hits the fan, exchanges go bankrupt and real funds are frozen and can never be withdrawn, you are left with useless tokens.
So is this all FUD or what?
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