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25 sats \ 1 reply \ @2bithits 19 May 2023
Well... When they confiscate all their UST they might need to keep their BTC
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21 sats \ 0 replies \ @cryptocoin OP 19 May 2023
That's why I assume USDT is worth $0, because their collateral (U.S. bonds mostly) are subject to being made unredeemable.
I will continue to use USDT intra-day, but I will never hold over a weekend or overnight (from 4:00 pm EDT to 8:30 am EDT), which are the hours the gov't would announce an action.
Even if the gov uses snapshots of the various blockchains so as to reimburse those who controlled USDT at the point in time of the seizure, I still see the value as $0, as that would require me to provide identity verification/KYC with them to convert my USDT for dollars.
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25 sats \ 0 replies \ @Takwin 19 May 2023 freebie
This is a great plan. They are taking part of their profits and buttressing their reserves, all with a future global reserve currency and its potential for parabolic growth.
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25 sats \ 0 replies \ @josika71 19 May 2023 freebie
Non pas du tout
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