News for hackers. Stuff that matters.

A comment on US Fed Official Calls Tether a ‘Challenge’ to Financial Stability. Parent comment

Re:US Fed Official Calls Tether a ‘Challenge’ to Financial S... by paulgb on Saturday June 26, 2021 @07:59AM (#27641125)
> In this case “panic-selling” Tether means a massive rush into Bitcoin and Ethereum.

I’m sure there would be a lot of people who would like to trade their Tethers for Bitcoin in the event of a collapse, but who is going to sell it to them?

[ Parent | on HN ]
Re:US Fed Official Calls Tether a ‘Challenge’ to Financial S... by tgsovlerkhgsel on Saturday June 26, 2021 @11:46AM (#27642845)
Someone who thinks that they can recover 10% of the nominal value may be willing to sell BTC for Tether, at a price 10x as high as the actual-USD Bitcoin price.
[ Parent | on HN ]