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A comment on The World’s Biggest Crypto Firm Is Melting Down. Parent comment

Re:The World’s Biggest Crypto Firm Is Melting Down by skizm on Tuesday September 26, 2023 @10:59AM (#37660379)
It is great as long as they are actually sticking to short dated US t-bills. They've just been super sketchy about if they are or are not in the past. Personally I think they're fine. The absolute worst case there's a run and depositors only get back like 75 cents on the dollar. Which is way better than most places that people park crypto.
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Re:The World’s Biggest Crypto Firm Is Melting Down by schemescape on Tuesday September 26, 2023 @11:19AM (#37660650)
My amateur theory is that Tether could have imploded for most of its existence, but now there’s a real chance that they have been (or will be) able to bluff their way to solvency.

But I’m probably wrong…

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Re:The World’s Biggest Crypto Firm Is Melting Down by loeg on Tuesday September 26, 2023 @01:13PM (#37662528)
The worst case is zero cents on the dollar.
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