Discover and read the best of Twitter Threads about #tethers

Most recents (3)

@CasPiancey Mate that's so cool you think this. It means alot.
@CasPiancey Just a couple more thoughts on the interview.
@CasPiancey Full disclosure I didn't listen to the entire interview. I listened to the first part...running out of time so fast forwarded to Cas and got so annoyed I couldn't listen to the rest. I did think the host was pretty good and I will go back and listen to the full interview soonish.
Read 15 tweets
#Alameda wipe out looks to be exposing #tether to a run on the bank (coin) that it wont likely survive. This event will implode the crypto ecosystem. Contagion will take down all exchanges.
It’s my opinion (for over a year) that this will happen as I believe #tethers ‘commercial paper’ is actually largely swaps that it does with a few major exchanges. #ftx was likely a huge player
What I think happened was exchanged took cash money from new accounts and gave them newly created #tethers #usdt

They got the usdt via swaps with tether.

Exchange gives tether ‘I owe you $1 bln’ note (commercial paper)

Tether gives exchange $1 bln tether
Read 10 tweets
#bitcoin just re-set leverage & killed the bitmex and bybit premium. Will be interesting if reaction is same as tomes before...
Help is on the way 💪🏻
LMAO - SNED now or later?
Read 4 tweets

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