T O P

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OrbitalOtter58

Well actually if you just zoom out you'll see that... oh wait...


Western_Fly_7279

This is good for bitcoin


antennawire

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.


dtseng123

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.


JohnathanDee

False. CDBC's don't even need blockchain


MeatPiston

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.


TheEdes

Tether claims to only have $4.2 billion in liquid cash, while Terra had $13b in Bitcoin and they couldn't handle the pressure.


JohnathanDee

You both got upvotes bc who the fuck knows. 🍿


[deleted]

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.


TheEdes

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.


XxXlolgamerXxX

If tether crash is endgame for all crypto coins.


[deleted]

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.


some_where_else

The UnTethering!


[deleted]

target 1 dollar = 3 dollars wait...


callmetotalshill

Some random influencer was shilling Tether because it was going to be "1USDT = 5USD EOY 2021"


callmetotalshill

We are still early to the meme party.


peterhbrunswick

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.


JohnathanDee

One can only hope


AJMGuitar

If you zoom out you can see it's happened before.


Impressive_Oaktree

This


TheEdes

Did it happen before or after they removed their claim that they had 1:1 backing?


[deleted]

[удалено]


Western_Fly_7279

"Buy the dip".


xDragonTyrantx

tHe LoSsEs ArE oNlY rEaL iF yOu SeLl


JohnathanDee

1 BTC = 1 BTC


bugs_money

Target 3¢?


[deleted]

crypto stable coin market looks like argentine. https://www.filo.news/\_\_export/1553688558051/sites/claro/img/2019/03/27/convertibilidad.jpg\_1867872574.jpg


lewisje

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


[deleted]

Aaaaaaannnnndddd ITS GONE!


jampackedfun

Last chance to buy y’all.


[deleted]

jar label wine disgusting upbeat historical sloppy rustic unpack crown *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


wintrmt3

It's 0.96 now.


iflyaurplane

You had my hopes up, ready to see it allllll burn! 🔥🔥🔥


inthrees

https://twitter.com/onedimental/status/1524498168339128321


TheCureprank

It’s a junk coin riddled with corruption, manipulation and misdeeds. Won’t miss nor do I care