CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M

Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by paulpauper on Friday October 15, 2021 @01:32PM (#28880433)

I think it would be the opposite. tether failing would force ppl to convert to BTC, ETH to preserve $.

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Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by buildbuildbuild on Friday October 15, 2021 @01:34PM (#28880463)

It's possible. But I would expect panic selling as charts make it _look_ like all cryptocurrency is crashing due to USDT's sudden decrease in value.

Small exchanges could also lose liquidity from bad code that assumes USDT will always equal $1.

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Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by adflux on Friday October 15, 2021 @06:13PM (#28883743)

Tbh I wouldnt dare keep usd on an exchange when its crashing

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Re:CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M by NicoJuicy on Friday October 15, 2021 @06:27PM (#28883865)

Short term, yeah ( people converting). Long term, no ( way less pumping)

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