Re:Crypto.com Will Delist Tether in Canada
by Nursie on Tuesday January 10, 2023 @11:47PM
(#34335108)
> So we're free to come up with our various estimates. None more correct than the other.
Doesn’t this seem like a massive, systemic threat in itself, that an audit-dodging, opaque institution underpins the ecosystem?
Even if it is all present and correct (for some definition of present and correct) shouldn’t we be highly suspicious purely because of this evasive behaviour?
Re:Crypto.com Will Delist Tether in Canada
by eaurouge on Wednesday January 11, 2023 @12:24AM
(#34335289)
> Doesn’t this seem like a massive, systemic threat in itself, that an audit-dodging, opaque institution underpins the ecosystem?
It was. But it's increasingly less so. The market has hedged this risk somewhat, by decreasing its market share: https://www.theblock.co/data/decentralized-finance/stablecoi.... And will likely continue to do so.
Yes, I should have said 66B in liabilities. We don't know how much they have backing these liabilities.
> A history of lies about audits, for a start ...
Indeed. So we're free to come up with our various estimates. None more correct than the other.