Tether is currently in the early stages of a bank run

Posted by petethomas on Sunday October 14, 2018 @04:01PM
from the twitter.com dept.

https://twitter.com/patio11/status/1051560132235030528

( 5 comments | 38 points | on HN )

Re:Tether is currently in the early stages of a bank run by jamestimmins on Sunday October 14, 2018 @10:11PM (#18216948)

This title should be updated to “patio11 thinks Tether is on the early stages of a bank run”. The title implies fact, but this is just one persons tweet.

[ Parent | on HN ]

Re:Tether is currently in the early stages of a bank run by ForHackernews on Sunday October 14, 2018 @06:45PM (#18215983)

As far as I know, there's no way to actually redeem your USDT from Tether itself. How can you have a bank run on a "bank" that doesn't offer withdrawals?

[ Parent | on HN ]

Re:Tether is currently in the early stages of a bank run by megadethz on Sunday October 14, 2018 @11:56PM (#18217297)

Can buy BTC on Bitfinex and sell on a real USD exchange. Explaining the premium.

[ Parent | on HN ]

Re:Tether is currently in the early stages of a bank run by scotty79 on Monday October 15, 2018 @05:37AM (#18218460)

The question is, can the people behind tether buy enough of it at high enough price to bring back price to 1$

[ Parent | on HN ]

Re:Tether is currently in the early stages of a bank run by OnlyRepliesToBS on Monday October 15, 2018 @01:00AM (#18217479)

this format is terrible to read

[ Parent | on HN ]