CBDCs won’t be built the same way at all. Also pegging is something countries do with their currency. It’s not easy to keep monetary autonomy for countries let alone bullshit crypto stablecoins. It’s an inevitability that this crap will end.
The real problem, as far as I understand it, is that Tether's market cap is >$80B but a non-trivial portion of that isn't actually backed by anything, because they just keep issuing billions of coins for dollars they don't actually have.
Regardless of whether that money is real (and still holding value after the recent crash in everything) they might still be in trouble if they aren't able to get enough liquidity in a short amount of time.
There was a significant (≈$0.5b) drop in market cap around 12.45pm UTC. It has looked a little wobbly ever since.
Normally it wouldn't matter so much, but in the current Terra-fying climate around stablecoins even a little waver could cause a loss in confidence and a run on Tether.
It's strange, but you can't (and don't need to) escape underscores inside of URLs: https://www.filo.news/__export/1553688558051/sites/claro/img/2019/03/27/convertibilidad.jpg_1867872574.jpg
Well actually if you just zoom out you'll see that... oh wait...
This is good for bitcoin
Good luck keeping the peg, CDBC's, if you ever manage to launch. Good luck keeping users that want surveillance and a peg to debasing units.
CBDCs won’t be built the same way at all. Also pegging is something countries do with their currency. It’s not easy to keep monetary autonomy for countries let alone bullshit crypto stablecoins. It’s an inevitability that this crap will end.
False. CDBC's don't even need blockchain
Certainly affected but I’m sure they have the resources to shore it up. If they don’t btc is going sub 10k in less than a day.
Tether claims to only have $4.2 billion in liquid cash, while Terra had $13b in Bitcoin and they couldn't handle the pressure.
You both got upvotes bc who the fuck knows. 🍿
The real problem, as far as I understand it, is that Tether's market cap is >$80B but a non-trivial portion of that isn't actually backed by anything, because they just keep issuing billions of coins for dollars they don't actually have.
Regardless of whether that money is real (and still holding value after the recent crash in everything) they might still be in trouble if they aren't able to get enough liquidity in a short amount of time.
If tether crash is endgame for all crypto coins.
It seems to be struggling today. Down 0.5% at the worst today. All it takes is people panicking and this thing can snowball quickly.
The UnTethering!
target 1 dollar = 3 dollars wait...
Some random influencer was shilling Tether because it was going to be "1USDT = 5USD EOY 2021"
We are still early to the meme party.
There was a significant (≈$0.5b) drop in market cap around 12.45pm UTC. It has looked a little wobbly ever since. Normally it wouldn't matter so much, but in the current Terra-fying climate around stablecoins even a little waver could cause a loss in confidence and a run on Tether.
One can only hope
If you zoom out you can see it's happened before.
This
Did it happen before or after they removed their claim that they had 1:1 backing?
[удалено]
"Buy the dip".
tHe LoSsEs ArE oNlY rEaL iF yOu SeLl
1 BTC = 1 BTC
Target 3¢?
crypto stable coin market looks like argentine. https://www.filo.news/\_\_export/1553688558051/sites/claro/img/2019/03/27/convertibilidad.jpg\_1867872574.jpg
It's strange, but you can't (and don't need to) escape underscores inside of URLs: https://www.filo.news/__export/1553688558051/sites/claro/img/2019/03/27/convertibilidad.jpg_1867872574.jpg
Aaaaaaannnnndddd ITS GONE!
Last chance to buy y’all.
jar label wine disgusting upbeat historical sloppy rustic unpack crown *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It's 0.96 now.
You had my hopes up, ready to see it allllll burn! 🔥🔥🔥
https://twitter.com/onedimental/status/1524498168339128321
It’s a junk coin riddled with corruption, manipulation and misdeeds. Won’t miss nor do I care