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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 jkhdigital on Saturday June 26, 2021 @10:00AM (#27641914)
Yup, flight to safety in crypto means buying BTC. Nobody needs Tether—you can get into and out of nearly any fiat currency from BTC directly.
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Re:US Fed Official Calls Tether a ‘Challenge’ to Financial S... by quickthrowman on Saturday June 26, 2021 @11:01AM (#27642440)
One problem: nobody with BTC will want to trade it for tether if tether collapses, I bet even the market makers would stop exchanging BTC a for tether.
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Re:US Fed Official Calls Tether a ‘Challenge’ to Financial S... by jkepler on Saturday June 26, 2021 @12:18PM (#27643166)
Right. But problems with Tether don't affect bitcoin. People who want dollar-pegged digital currencies can hold other USDx tokens, including DAI, which is all provably based on over-collateralized (minimum 150%) debt obligations in a decentralized system.
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