Why #tether on @CoinbasePro is so important? (Thread)
1/
Arbitrage: traders arb across multiple exchanges. Speed of transfer and low friction are key.
CB has now BTC/USDt but also
BTC/USD (finex) > USDt/USD (finex) > USDt/USD (coinbase) > BTCUSD (coinbase) is now possible too!
1/
Arbitrage: traders arb across multiple exchanges. Speed of transfer and low friction are key.
CB has now BTC/USDt but also
BTC/USD (finex) > USDt/USD (finex) > USDt/USD (coinbase) > BTCUSD (coinbase) is now possible too!
https://twitter.com/CoinDesk/status/1389489790001848323
2/
#tether was born in 2014 exactly for this use case: making arbitrage across exchanges faster.
After 7 years, in 2021 all exchanges will be all tethered by a common, high liquidity stablecoin.
#tether was born in 2014 exactly for this use case: making arbitrage across exchanges faster.
After 7 years, in 2021 all exchanges will be all tethered by a common, high liquidity stablecoin.
3/
Support for the ecosystem.
Tether $USDt is the biggest stablecoin, being almost 4x the second biggest one.
Tether is massive on exchanges, DeFi and growing super fast outside of #crypto too.
Support for the ecosystem.
Tether $USDt is the biggest stablecoin, being almost 4x the second biggest one.
Tether is massive on exchanges, DeFi and growing super fast outside of #crypto too.
4/
@Tether_to and @bitfinex are setting up a massive strategy (including spin-offs and investments) that will open mind blowing opportunities for the next decade, and this might well be an understatement.
@Tether_to and @bitfinex are setting up a massive strategy (including spin-offs and investments) that will open mind blowing opportunities for the next decade, and this might well be an understatement.
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