Why #tether on @CoinbasePro is so important? (Thread)

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!
#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.
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.
@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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More from @paoloardoino

16 Aug 20

1/4 I've discussed my thoughts on DEXes future with @Cointelegraph
I envision thousands of small P2P nodes/matching engines, each run by separate groups, resulting in a fractal liquidity aggregation model.
2/4 current DEXes are exciting but just temporary solutions
Few of the issues

- single managed smart contracts
- single governance group / token
- no KYC
- slow
- highly dependent from a single chain and its fees
- faster blockchains are more centralised
More issues
- while a blockchain is "decentralised" and made by many nodes, the contract is uniquely identified by a hash, hence centralised around a single group in the eyes of regulators
- can suffer of different types of hacks, still single point of failure
Read 4 tweets

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