Re:Tether is under undisclosed SEC investigation, FOIA blocked
by chollida1 on Friday September 24, 2021 @01:33PM
(#28645465)
> If tether went belly up what would happen is everyone would sell their tether for BTC and other cryptos (whatever they can get into) and you would have the largest squeeze of all time
What squeeze could there possibly be? No one is forced to deliver anything here so there is absolutely nothing to be squeezed.
now you may get some people willing to buy tether at 10 cents on the dollar but that would only continue to force down the price of tether as you exhaust the very small amount of tether buyers.
What squeeze could there possibly be? No one is forced to deliver anything here so there is absolutely nothing to be squeezed.
now you may get some people willing to buy tether at 10 cents on the dollar but that would only continue to force down the price of tether as you exhaust the very small amount of tether buyers.
Who do you see being squeezed here?