pull down to refresh
152 sats \ 1 reply \ @freetx 14h \ on: S&P Global downgrades Tether's stability rating to weakest level econ
Tether has survived every single collapse / bankrun in the crypto industry including during pandemic, FTX, TerraUSD collapse....during the later something like 25% of USDT were forced redeemed.
Could any bank survive a 25% redemption demand without needing a gov bailout?
No kidding. One of the reasons I've been so interested in them is their fabulous ability to survive.
reply