points by Eji1700 5 hours ago | 0 comments
Curious if this finally pops tether. I kinda doubt it, but to my very mild research on the subject I feel like binance was a big part of the equation. Of course so long as the market exists it'll need a stable, and it's got the inertia, so maybe it just won't matter.
[–] gfh687564 5 hours ago
[–] throwawaythekey 5 hours ago
Is that what happens here? Tether just pocket the difference?
[–] jwpapi 5 hours ago
No lol
[–] grey-area 4 hours ago
Because Tether is an obvious fraud linked to these other obviously fraudulent companies and predicated on trust in cryptocurrencies.
[–] evdubs 3 hours ago
It's really hard to be an obvious fraud when you've been publishing attestations for years and now you have a "full independent audit" from KPMG for FY 2025, just like Circle/USDC.
https://tether.io/news/tether-completes-the-largest-inaugura...
think of it this way - if someone steals your iphone, and you lock it, does apple pop? No, apple sells you another one. locked devices are good for apple because it causes more demand.