You are viewing a single comment's thread from:
RE: The MASSIVE Tether Ticking Time BOMB
Personally, it took me a little while to realize USDT ≠ USD. It is used in exchanges as if it was the same.
Personally, it took me a little while to realize USDT ≠ USD. It is used in exchanges as if it was the same.
I've always been leery of tether but didn't realize until now that Poloniex and binance quote their Bitcoin prices in Tether. Also, this is the number that is picked up by coinmarketcap
See thats the problem i believe.
An exchange might have liability issues based on that.
ALOT of people think its USD.
Kinda scary when you think how many have their positions based on this aspect.