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A comment on Exposing Tether [video]. Parent comment

Re:Exposing Tether [video] by thebean11 on Friday June 18, 2021 @10:43AM (#27550892)
That seems potentially easy to explain given that some of the bigger (higher volume) exchanges support USDT and not USDC.
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Re:Exposing Tether [video] by raesene9 on Friday June 18, 2021 @10:52AM (#27550967)
I know that was the case in the past, but is it still the case? from a 10 minute look, the 4 largest exchanges by volume (Binance, Coinbase, Huobi, and Kraken) all seem to list USDC
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Re:Exposing Tether [video] by thebean11 on Friday June 18, 2021 @11:04AM (#27551111)
Hmm yeah maybe not, even Bitfinex trades USDC, and anyway they're a much smaller percentage of volume than I thought (jesus binance is huge).

Wonder if it's just network effect then? Big traders use the USDT markets because they're more liquid -> the USDT markets become even more liquid and the cycle continues.

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