/biz/ - Business & Finance

Anonymous Mon Jan 4 10:22:31 2021 No.25506027 [View]
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>>25504117
USDT is the most used pair to exchange coins. Most traders nowadays use USDT to exchange between coins instead of fiat.

Now imagine if all the traders were left stuck with a useless 0 $ token.

Now imagine if exchanges are left with all their USDT liquidity (remember, exchanges are swapping BTC for USDT) down to 0.

They would have far less money. Both demand and supply would crash.

Yes, you should be worried about this. There is no way USDT is backed up with USD, and if it's backed up by crypto then it means USDT works exactly like a Ponzi scheme.

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