Re:Crypto.com Will Delist Tether in Canada
by polyomino on Tuesday January 10, 2023 @08:17PM
(#34333776)
like anything the government bans, price will go up
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Re:Crypto.com Will Delist Tether in Canada
by giaour on Tuesday January 10, 2023 @08:19PM
(#34333802)
Exactly! Like leaded gasoline or children's toys made with arsenic.
Why on Earth would anyone pay more than $1 for a USDT?
Re:Crypto.com Will Delist Tether in Canada
by Gigachad on Tuesday January 10, 2023 @08:25PM
(#34333857)
Because cryptobros think their magic beans are encoded in the laws of physics where the only conceivable outcome is they become more valuable.
Re:Crypto.com Will Delist Tether in Canada
by jasmine999 on Tuesday January 10, 2023 @11:24PM
(#34334989)
Because there's many areas on earth where one cannot access USD, so USDT is quite nice, even if you over pay for it.
Like what? North Korea? Because I'm drawing a blank for the rest. Even in Russia and Iran you can own and transact with USD.
Re:Crypto.com Will Delist Tether in Canada
by coffeebeqn on Wednesday January 11, 2023 @01:25AM
(#34335664)
You certainly can’t get $1 for literally $1 anywhere unless you are using an American bank/credit card that you are an American customer of. The exchange rate is far worse
Re:Crypto.com Will Delist Tether in Canada
by vkou on Wednesday January 11, 2023 @03:15AM
(#34336275)
What makes you think the spread on turning Pesos (-> BTC) -> USDT, or vice versa is any better? Market makers and exchanges don't work for free.
And since you can't buy groceries or pay rent with tether, and you need to convert it from/to fiat, you're not actually solving any problems by using it.