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How Does Tether Fail?
668 sats \ 4 comments \ @OT 27 Nov 2023 bitcoin
With the recent watering down of Binance & the sudden removal of Wallet of Satoshi from the US market, it makes me think that Tether could be next.
Interested in watching from an objective standpoint (as in I don't hold any tether of course) how this will play out.
So how does tether fail?
Huge fine (like binance)15.4%
Confiscation of UST (like Russia)30.8%
Incorporate into their CBDC0.0%
Tether will not fail.23.1%
Other 30.8%
13 votes \ poll ended
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1 sat \ 1 reply \ @q 27 Nov 2023
Tether is one of the biggest buyers of US treasure bonds, they will exist as long as they fuel the fiat ponzi.
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1 sat \ 0 replies \ @OT OP 27 Nov 2023
Surely they need to do something, even if tether is good for their fiat ponzi
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0 sats \ 0 replies \ @WaraiOtoko 27 Nov 2023
Same like any other bank, they go bust. Their customers want their dollars back, but their debtors are not repaying those same dollars.
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0 sats \ 0 replies \ @020e1b690f 27 Nov 2023 freebie
Tether won't fail. The US has brought them into the fold and USDT is a tool for state surveillance. No need for their CBDC, they already have one.