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A comment on FTX’s financial black hole leaves Binance balking at rescue plan.

Re:FTX’s financial black hole leaves Binance balking at resc... by sottol on Wednesday November 09, 2022 @01:47PM (#33536101)
I assume interest rate climate and losses will start an outflow of money from crypto. I wonder how Tether will handle this. They seemed too big to fail but this is looking serious.
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Re:FTX’s financial black hole leaves Binance balking at resc... by Denniz on Wednesday November 09, 2022 @02:42PM (#33536832)
Good point. That is true for all Stablecoins. The question is, do they have the liquidity?

Right now it is very very profitable for them. They can earn interest rates for free, without a high risk.

[ Parent | on HN ]