Re:Tether Required Recapitalization in May 2022
by tlb on Friday May 20, 2022 @12:04PM
(#31449286)
You have to predict what those well-capitalized parties will do during a market panic. Decision making seems to change quickly when half the money has just disappeared, to focus on salvaging as much as possible.
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Re:Tether Required Recapitalization in May 2022
by Salgat on Friday May 20, 2022 @12:21PM
(#31449518)
Exactly. It's not whether Bitfinex is able to prop it up, it's whether Bitfinex thinks Tether can be propped up without too much expense. At a certain point it no longer becomes worth propping up, and that number is very far from the current $74B market cap it's currently at.