Quote (TheHitman @ May 12 2022 12:45am)
-Luna, top 10 market cap shitcoin completely rekt
-Tether 2% off the peg
-Coinbase releasing a document saying if they go bankrupt no one gets their coins.
-MSTR Saylor's BTC are on coinbase
It smells like bankers conspiring against Saylor & Noobs
Wouldn't it make sense for BlackRock to come out from all that pain with a sTaBlE cOiN
YOU-WILL-OWN-NOTHING-AND-BE-HAPPY
USDT is a massive scam and will collapse, but I can't say for sure when.
They have never been fully audited and keep a significant amount of reserves in "corporate paper", even though nobody has ever heard of them buying corporate debt and their claimed numbers would make them the largest private corporate debt buyer.
So yeah, if USDT even comes within a mile of their claimed cash reserves in redemptions, whole thing is going down and taking crypto as a whole with it for a long long time.