Discover and read the best of Twitter Threads about #tether

Most recents (24)

#USDC thread!

I felt left out with all the unsubstantiated rumors flying around; considering i'm known for using other people's data against them, and crypto's... Opaque.

Buuuut, i'm stubborn. And i remembered i hadn't heard anything about the Circle SPAC for a while.
That's the cleanest dirty shirt when it comes to Circle's inner workings, considering they legally have to disclose everything some way or another, even if it's buried.

So i went looking for the SEC filings on the SPAC. Found em here: sec.report/CIK/0001876042

There are updates!
It's the last few updates that are of interest to me. Most recently in June, Circle filed to extend their deal date to December, so it's highly likely we won't see the SPAC this year (they can extend until January), if ever.

Below that, is an amended S-4 filing, from May 6th.
Read 25 tweets
1/为什么对冲基金选择当前时点做空USDT?
“USDT在过去一个半月中轻松应对其规模20%的赎回,流动性比绝大多数银行都好,所以以后也不可能有问题”
这是近期很多USDT支持者对抗FUD的一个论点,但实际上这句话只对了一半,另一半则是典型的认知谬误:
#USDT #Tether #StableCoin
2/ 单从短期流动性的角度看,国内银行在短时间内能够调集的最基础流动性来源就是存款准备金。
考虑到国内目前这一比例为11.25%,因此从USDT的表现来看,在相对无损的情况下完成其20%规模的赎回确实是其流动性管理成果的一种表现。
然而,在应对如此大规模的赎回后,USDT所面临的流动性压力只增不减。
3/ “USDT更安全了”的想法是典型的代表偏误(Representativeness bias)。
其背后的隐含逻辑是:USDT在过去成功应对了20%规模的赎回,因此未来也能应对相应甚至更大规模的赎回。
然而,在面对赎回时,一家公司一定是优先处置流动性最好的资产,而当这类资产被消耗殆尽时,真正的危机才会浮现。
Read 7 tweets
The Bank for International Settlement #BIS's annual economic report (june22 of 138 pages) proves every single word in the #Bitcoin white paper ⚡️bitcoin.org/en/bitcoin-pap…

If you think the fiat world is ugly now.
It's only getting uglier.

🧻bis.org/publ/arpdf/ar2…

🧵My views👇🏽
The number of times these words were mentioned (order per #) within 138 pages.
#Web3 1
#USDT 3
#binance 6
#leverage 6
#Coinbase 10
#ethereum 12
#Tether 15
#luna 27
#bitcoin 28
#decentralised 30
#terra 37
#centralised 53
#DeFi 63
#stablecoin 71
#cbdc 110
#crypto 214
OK info about this report:
+ Highlighted some of the risks within the shitcoinery world (stable coins, crypto, Defi)
+ Confirmed that all shitcoins are copying #Bitcoin and following its behavior
+ Attacking lack of regulations leading to rug pulls like Terra Luna
+ USDT risk
Read 5 tweets
🚨¿LAS STABLECOINS EN PELIGRO?🚨

Tras lo sucedido con #Celsius, hemos visto como algunas de las principales #Stablecoins del mercado han comenzado a tambalearse de nuevo haciendo saltar todas las alarmas 🚨

Pero, ¿Por qué está pasando esto?

Abro Hilo 🧵 1/18
2/18
Todo comenzó el pasado Lunes 13 de Junio, cuando tras el anuncio de la pausa en los retiros, Celsius se desplomó más de un 70%.

Una caída que arrastró al resto del mercado, y que ha puesto en el punto de mira a las #StableCoins... Image
3/18
Con dos protagonistas principales, #USDT la Stablecoin más grande del mundo 🌍 en la actualidad, y #USDD la Stablecoin Algorítmica de #TRON Image
Read 18 tweets
Entering a very dangerous part of the cycle ..

Getting very defensive personally ..

Main risk: CB’s losing control

#Crypto #JapanMMT #Fed
Cash is King #shortterm
Large part of crypto house of cards could well be at risk now .. worst case #Tether collapsing
Read 6 tweets
in depth analysis of a $BTC collapse scenario posted saturday playing out #contagion scenario that i thought had a 10% chance to destroy crypto by Monday.

most important single event will probably be when a $BTC bank stops withdrawals... now #Celsius

reddit.com/r/Buttcoin/com…
now that #celsius has closed its doors exactly in line w/my worst case scenario for $BTC / $ETH / #crypto, i suspect #cryptocollapse is coming at us a lot faster than people expect.
if you have people you care about who have coins, i recommend you encourage them to sell ASAP. and don't leave the sell proceeds in your #crypto exchange #CEX/whatever - get them into your bank account. leaving them on the exchanges is honestly almost as risky as staying in $BTC
Read 12 tweets
#TetherIsInsolvent, part 2. this is a followup to analysis @patio11 (link) and i did independently showing #Tether must be insolvent based on Tether's stated financials due to the crypto selloff. But this time... it's about foreign exchange rates. kalzumeus.com/2022/05/20/tet…
On May 19th #Tether announced that it had reduced its commercial paper reserves by $4.3B between 2021-12-31 and 2022-03-31 and that they had reduced their paper another 20% ($4B) since that March 31 "attestation" was done. Here's their press release:
tether.to/en/assurance-o…
@ZekeFaux did some (maybe pulitzer-worthy) reporting for Bloomberg in Oct '21 where he reported he could not find anyone at a major bank who had sold tether any paper, and further that he had seen documents stating that at least some % of tether's paper was from Chinese companies
Read 19 tweets
In my mind, crypto's purpose in the world is simple:

Peg back all worlds currencies to something which is
1) not owned by country/company
2) is scarce
3) cannot be manupilated

Took me a while to get to this conclusion, but the answer for that peg is #Bitcoin

(1/7)
In 1971, Nixon took US dollar off the gold standard. Before that, every available USD used to require equivalent gold. All other currencies were pegged to USD after the world war.

What happened when USD got depegged from Gold? USD became the worlds reserve currency.

(2/7) Image
The world had a new ruler - USA.
Irrational money printing, devaluing purchasing power, all in the name of "reserve currency"

Why did no one do anything?
1. No alternative
2. Arms threat (reeling from effects of previous wars)

Now there is an answer for no.1 #Bitcoin

(3/7)
Read 8 tweets
🗺 NUEVA HOJA DE RUTA:

1- 🇨🇳 #China invadirá 🇹🇼 #Taiwán y al contrario de lo que afirma #Biden, 🇺🇸 #EEUU no intervendrá.

2- Estamos inmersos en la mayor crisis económica desde 1929, la crisis de deuda global. Habrá subidas de tipos muy importantes.
3- La quiebra efectiva de #Evergrande sucederá cuando los índices y las bolsas estén rondando mínimos pero no en mínimos del todo. Evergrande será la puntilla y también será el ocaso de las #Crypto #Criptomonedas por la exposición brutal a #Tether.
4- La guerra de 🇺🇦 #Ucrania finalizará con la rendición del ejército ucraniano. 🇷🇺 #Rusia se quedará con el #Donbas y con otros territorios con acceso/entrada al Mar Negro. Eran los términos pactados de antemano, desde antes de comenzar la invasión y se cumplirán.
Read 20 tweets
El #BCE advierte de que el colapso de #Tether provocaría un crash del #Bitcoin y del resto de #Criptomonedas #Crypto

Algo de lo que os advertí hace meses y que se producirá tras la quiebra efectiva de #Evergrande que están posponiendo intencionadamente.

eleconomista.es/mercados-cotiz…
Read 4 tweets
1/上周 UST 爆雷之后,有很多朋友问我 USDT 是否安全,最近 #Tether 公布了 $USDT 2022 年Q1的审计报告,算是对市场上质疑的声音做了回应。如果这份报 告的数据真实可信,那么虽然 USDT 仍然存在没办法百分之百兑付的风险,但是 USDT 因为被挤兑而崩溃的概率是非常小的。
从这份报告中,我们可以看到 Tether 公司目前是资大于债的,即储备金价值大于发行稳定币市值。如下图所示,目前 Tether 公司持有资产价值约 824 亿美金,负债约为 822 亿美金(其中约 821 亿为 稳定币发行)
2/
尽管账面上,泰达的资产大于负债,但是泰达公司在给持有资产估值并没有考虑到流动性风险和违约风险,也没有为其做相应的预期信任损失准备金,在拆分了其资产构成后,其实这两类风险是无法完全避免的。
Read 9 tweets
Bu grafik #Tether arzını gösteriyor. Son 1 haftada 84 Milyar'dan 74 Milyar'a geldi. Tarihinde böyle bir yakım yok.

Bu ne anlama geliyor?

$usdt #bitcoin #kripto #altcoin
Öncelikle #Tether'in çalışma mantığını kavrayalım. Nasıl basılır, nasıl yakılır?

Kabaca cebindeki dolarları Tether şirketine teslim edersin ve karşılığında sana #Tether basıp verirler. Aynı şekilde Tether'ini götürdüğünde de sana nakitini verip aldığı Tether'leri yakarlar.
Tether şirketi ise her ne kadar topladığı sermayeyi nasıl değerlendirdiğini şeffaf şekilde açıklamasa da %10-20 gibi bir miktarını likit, kalanını ise likit olmayan varlıklarda değerlendirdiği tahmin ediliyor.
Read 10 tweets
yesterday I threw out an off the cuff question to @bitfinexed
How much of the redeemed #tether was used to recover and maintain its peg?

The obvious answer is whatever they had to.

I've spent a big chunk of today crunching data to see what answers I could come up with.
Last night I scratched out my hypothesis - to maintain its peg...#tether would need to tap its own cash...can only do that via redemptions and the 'tell' will be burning the tokens like they never existed.
Basis for this thinking is pretty simple. That's what they do when they need cash and lots of it. Remember back in 2018 #novogratz was swooning over the orderly redemption of $700m by #tether.
Read 19 tweets
$USDT lleva algunos días perdiendo por momentos el valor de 1$.

Creo que es un buen momento para recordaros a los que no lo leísteis, CÓMO FUNCIONA #TETHER y por qué es un SCAM.

Todos atentos, que va a ser rápido: 🧐🧵

0/10
Los tokens $USDT son emitidos por Tether Limited, una empresa privada y completamente centralizada.

Su funcionamiento es sencillo:

· Alguien paga 1$ a Tether Ltd, y esta emite 1 USDT.
· Alguien vende 1 USDT a Tether Ltd, y esta le paga un dólar y quema el USDT.

1/10
De esta manera, siempre está respaldado cada USDT por 1 dólar. Si hay 1M de USDT en circulación, hay 1M de dólares en las reservas de Tether Ltd.

Pero bueno, esto es sólo la teoría. Ahora vamos a ver la REALIDAD:

2/10
Read 15 tweets
🧵Transparency and Proof of Reserve of #Gold Backed Tokens

CACHE Gold $CGT (current) - explorer.cache.gold + @chainlink Proof of Reserve data.chain.link/ethereum/mainn…

PAX Gold $PAXG (43 days outdated) - 5 page "Attestation report" to cover $600+ million - paxos.com/attestations/
Tether Gold $XAUT (133 days outdated) - 4 page "Attestation report" covering more than $80 billion in assets, just a few paragraphs are dedicated to $XAUT the 246,524.33 ($450+ million USD) ounces of #gold #Tether claims to hold

tether.to/en/transparenc…
. @kinesismoney (534 days outdated) - #Kinesis promised to deliver audits twice per year but has failed to provide any audits for 534 days and counting. They have not provided any explanation for the lack of audits other than "#COVID" has prevented it.

kinesis.money/audits/
Read 7 tweets
Around 8:03 AM, #Tether tanked -99% to $0.0013 on CoinMarketCap, Bitfinex, and Binance, etc.

By 8:57 AM, they scrubbed the $USDT crash and pretended it never happened. Too bad I recorded it on the blockchain, where it will live forever. Image
This flash crash of $USDT by -99% just days after the collapse of Luna and UST shows how unstable 'stable coins' truly are.

We've been warning against them for months, and are finally being proved right. If you have stable coins, it's best to get out while you still can.
LUNA makes up around 0.98% of Bitcoin's volume, whereas USDT makes up over 79.2%.

The de-pegging and collapse of Tether will impact the markets a hundred times worse than Luna, and tank us far below my $10,000 targets.

Good Luck Everyone - Stay safe!
Read 3 tweets
Another thing to consider with $usdt is that #tether doesn’t disclose specifics about the commercial paper that substantially backs its “stablecoin. There have been unconfirmed reports that the Chinese real estate developer, Evergrande. (A thread 🧵):
In this tweet from 2021, @TheLastBearSta1 does a great job connecting the dots between #tether and #evergrande.
If it’s true that $usdt and #tether are tied to Evergrande, this could be problematic for the entire market. If $usdt needs liquidity and calls upon its biggest asset (the debt owed by Evergrande) and Evergrande can’t pay, it’s a valid conclusion that chaos would ensue.
Read 4 tweets
🇫🇷 {1/15} De nombreuses personnes ont été surprises par l'affaire " $UST ".

Je ne vais pas revenir dessus, d'autres le font déjà très bien.

Le secteur des cryptomonnaies connaît-t-il un « Black Swan » ?
🇫🇷 {2/15} Le dernier "Bullrun" des cryptomonnaies a vu l'émergence de nouveaux projets au marketing toujours plus poussé.

La guerre n'était pas à qui créait le plus de valeur mais à qui pouvait se montrer le plus et vendre du rêve.

C'est un copier-coller du passé.
🇫🇷 {3/15} Internet est un monde à part, tout est beaucoup plus rapide et un effet multiplicateur est très souvent appliqué par la masse donnant des mouvements exponentiels échappant parfois à leurs créateurs.
Read 15 tweets
Ein paar Worte zum aktuellen #Bitcoin Crash. Tl/dr: Bitcoin ist nicht tot, wird nicht sterben. Was passiert ist, und warum das nicht so schlecht ist, hier im 🧵👇
2/ Zunächst mal ist es dem #Bitcoin-Netzwerk ziemlich egal, wie hoch der Kurs steht. Nicht zensierbares und von Zentralbanken unabhängiges Geld wächst weiter. Tatsächlich verwechseln viele Journalisten und Politiker #Bitcoin mit #Crypto
3/ Im Bereich #crypto gibt es zahlreiche Projekte, die an der Grenze zum Scam operieren. Ob #Terra #Luna eines war, darüber lässt sich streiten. Auf jeden Fall ist es jetzt implodiert und das ist ein reinigendes Gewitter. open.spotify.com/episode/2NUREa…
Read 7 tweets
Resumen de #LUNA, la criptomoneda de la blockchain #Terra que se hundió y perdió el 99% de su valor cayendo desde una capitalización de mercado de $44 mil millones y un precio ATH por moneda de $119.5, a menos de $2 mil millones de capitalización y un precio $0.69? 😱

Hilo

1/23
Para que todos los que lean este hilo puedan entender lo que pasó con la criptomoneda #LUNA y porqué se hundió como el Titanic, primero debemos saber lo que son las monedas estables o Stablecoins, como se clasifican, para que fueron creadas y como funcionan:

2/23
¿Qué es una moneda estable o #Stablecoin?

Es una criptomoneda que se emite a través de una #blockchain y que tiene como garantía/colateral dinero FIAT, materias primas y/o otros instrumentos financieros. Esto con el propósito de mantener una paridad 1:1 con el dólar #USD.

3/23
Read 27 tweets
This looks interesting. I understand tether hasn't fully broken, but it is worth watching closely, considering. Image
Read 5 tweets
Bugün (30 Nisan) AYLIK kapanış mumlarımız gelecek..

Yüksek volatilitenin bir diğer sebebi de bu..

Gelin birlikte bu twit altında $BTC , $BTC.D , $OTHERS , $OTHERS.D , $USDT.D , $TOTAL , $TOTAL 2 M.Cap Grafiklerinin AYLIK durumlarına bir göz atalım..

Buyrun.. 👇👇👇👇👇
$BTC

Aylıkta çok enteresan bir noktada.. Aylık Ma21 seviyesi (38.850 $) altındayız. Bu seviye altı bir AYLIK mum satış baskısını ciddi derecede arttırır.

Ancak ay kapanışına kadar en azından 39k civarı gidebilirsek ve oralarda kapatabilirsek ve MAYIS mumu YEŞİL olursa yeni+++++ Image
bir dip teyit edilmiş olacak AYLIK'ta.

Bu yeni bir yükseliş için ilk POZİTİF emare olacaktır.
Baskı devam eder ve Ma21 altında kapatırsak muhtemelen bir sonraki seviye 34k civarı olacaktır.(bu rakam çok önemli)

Aylık kapanışa göre BTC'yi yeniden yorumlayacağım..

++++++++
Read 10 tweets
#Bitcoin ve #Tether dominans arasındaki ters korelasyonu bilmeyen arkadaşımız kalmadı artık.

Tether'de bulunan 24H saatlik talep alanında Bitcoin 2 kere dip oluşumu gösterdi.

32k ve 34k.

Bölge 28.800$ seviyelerinden 69.000$ seviyelerine götüren emir bloğu.

+
Fiyatın boğalar tarafından savunulduğu bir kale. Kırmızı alan ile işaretlediğimiz kutu ise ayılar tarafından savunulan satış bloğu ve aynı zamanda yıllık seviye.

45k ve 48k.
#Tether dominasyonu 2018 yılından beri makroda yüksek dip ve tepeler yapıyor.

Benzer bir senaryo gerçekleşmesi halinde, 5.50 ve 6 seviyeler kripto market adına bir dip olacaktır.

Yakından takip edilmesi gereken analizlerden biri.
Read 3 tweets
🧵The European Central Bank (ECB) wants to get crypto regulations going because of financial stability concerns. Tether and Bitcoin are in its crosshairs.

ecb.europa.eu/press/key/date…

#Tether #Cryptocurrencynews 1/6
It specifically mentioned Tether, and is concerned in case of "large scale sales of these assets" that could "generate instability throughout the commercial paper market." 2/6
Along with KYC and anti-money laundering requirements, it recommends greater disclosure of reserve assets backing Stablecoins. Hint: Tether. 3/6
Read 7 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!