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52297663 No.52297663 [Reply] [Original]

Another domino falls.
>LUNA
>FTT
>

>> No.52297691
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52297691

>>52297663
>if true
what are the implications of this?

>> No.52297731

got I wish all stablecoins would crash. they have been singlehandedly ruining crypto

>> No.52297739

>>52297663
the July 2021 - Nov 2021 bullrun funded their transition from chinese corporate bonds to US treasuries.
They have a really shady past, but like em or hate em, theyre 100% legit now

>> No.52297777
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52297777

>>52297691

>> No.52297854

>>52297663
Alameda was the biggest Tether customer. Hm...

>> No.52297882

they got rid of their chinese commercial papers (supposedly) and only hold us treasuries
big if true

>> No.52297921

>>52297731
They will, but you will not like that with which we replace them. Hint:
>>52297777

>> No.52297954

>>52297663
good thing I got scamwicked so many times I have no tether left

>> No.52298051

>>52297777
checked. i don't use stables at all, but which would be the safest one? usdc? busd?

>> No.52298054

>>52297663
USDT will never fall my friend.

>> No.52298085

>>52298051
USDC. The plan is to replace the Eurodollar system and it's the prime candidate for a CDBC

>> No.52298131

>>52298085
i don't really think they will just take that one for the euro cbdc tbqh. prob will introduce a completely new one so they have full control over it

>> No.52298171

>>52297663
Hahahaha no. Tether is Bashar al-Assad of crypto.

>> No.52298197

>>52297739
>source: trust me dude

>> No.52298227

>>52298131
Eurodollars have nothing to do with the Euro. Those are dollars outside the reach of the FED, in offshore banks.

>> No.52298262

Yup, tether is next.
After that, BTC

>> No.52298308

At this point no other coin in crypto experienced as rigorous investigation as Tether gone through

>> No.52298322
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52298322

>>52298131
$1=1€=1£=1 United Nations Fiscal Unit
>>52298171
More like the Gaddafi.

>> No.52298398
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52298398

>>52298227
ah i see, didn't know about that, thanks anon. what's the big problem about them? doesn't the fed print infinite dollars every day anyways? shouldn't be that big of a problem if a few aren't in their grasp right

>> No.52298431

>>52298322
yeah that seems to be the end goal. they are getting very close rn

>> No.52298450

>>52297739
bullshit
https://www.coindesk.com/policy/2022/10/31/us-tether-bank-fraud-investigation-changes-hands-within-the-doj-report/
they just reopened the investigation in SDNY, Tether is fucked bc they were obviously using Bitfinex and other shady exchanges for wash trading, the only question is whether the DOJ will crash them with no survivors or not

>> No.52298477
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52298477

>>52297663
It’s backed by T-bills now “insider” that means the US and Lugano Switzerland will fall.
Hahahahaha.
You are the dumbest nigger on this board and that is saying something.
Kys

>> No.52298485

>>52298322
checked, Skull n Bones digits, how appropriate.
btw the term you are looking for is "IMF Special Drawing Right" or, more historically accurate, e-Bancor
in a completely unrelated story here is Ripple CEO onstage with the head IMF lawyer for digital assets, pay attention to body language. this was like 3 years ago btw
https://www.youtube.com/watch?v=LNkiQasFcqM

>> No.52298538

>>52298450
The DOJ is highly corrupt, and now just functions as a political arm of the Biden admin your fucking moron.
The Biden administration is against crypto so your post is dogshit.
Tether is 100 backed by T-bills they are not going anywhere yet…

>> No.52298646

>>52298398
>Since the Eurodollar market is not run by any government agency its growth is hard to estimate. However, the Eurodollar market is by a wide margin the largest source of global finance. In 1997, nearly 90% of all international loans were made this way.
>In December 1985 the Eurodollar market was estimated by J.P. Morgan Guaranty bank to have a net size of 1.668 trillion. In 2016, the Eurodollar market size was estimated at around 13.833 trillion
it's the other way around, anon. Imagine the leverage they would gain.

>> No.52298757

>>52298646
so in reality most of the dollars are outside of the us? how do they want to control all of that? if they introduce a dollar cbdc, there wouldn't be the need for a separate eurodollar one right?

>> No.52298970

>>52298757
the simplest way to think of it is that Eurodollars are "counterfeit" dollars. i explained it before:

Overseas commercial banks are doing this with a lot of different financial tools, Snider mentioned "certificates of deposit" denominated in USD. so they are also creating eurodollars/USD equivalents out of nothing, or backed with local currencies. and it's not regulated by the fed at all.
$1 "real" US is lent out with leverage many times, it becomes $100 worth of Eurodollars.
But only the fed (and the treasury through deficit spending) can create the real American dollar. That's why there's a persistent shortage of US dollars, why the DXY spikes during downturns.

>> No.52299089
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52299089

>>52298970
kek so it's like sbf creating wbtc out of thin air huh. crazy that every single practice in international markets is just some elaborate jewry