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Posts: 159
Bloomberg has an interesting article on crypto, focusing on Tether. -- (link)
Posted by
mara
Oct 8 '21, 10:07
(No message)
"It was hard to believe that people had sent $69 billion in real U.S. dollars to a company that seemed to be practically quilted out of red flags."
(www.bloomberg.com)
Responses:
If you're interested in the Tether background, here are links to a few old ST discussions:
-
The Allfather
Oct 8, 10:30
5
BTW, on the date of that first post, Tether was worth right at a dollar. Today, it's worth right at a dollar. That...shouldn't happen.
-
The Allfather
Oct 8, 10:33
4
Having read the article, that’s the whole point of a stablecoin though, no? -- (edited)
-
znufrii
Oct 8, 10:34
3
Yes but that's the trick in play. Bitcoin was around $11,400 that day.
-
The Allfather
Oct 8, 10:41
1
More importantly, given that episode, how the f*ck is tether even still around? -- nm
-
znufrii
Oct 8, 11:02
that's what I thought -- nm
-
Pippy
Oct 8, 10:38
Wasn’t tether behind the Bitcoin pump-and-dump crash a few years ago? Or am I misremembering? -- nm
-
znufrii
Oct 8, 10:27
1
*looks at David’s links above*
-
znufrii
Oct 8, 10:33
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