Tether claims to have securities to back their coin. If they really do, then betting against them is pointless. If they don't...well, it won't be the first coin to turn out to be based on BS.
It probably won't take long to find out which is true...
You can readily find that go over the math and it's basically impossible for tether to actually have minted as many coins as they did and have them all backed by dollars. It's increasingly likely that those securities are cryptocurrency securities and when the market bubble pops the rest of the way that's going to become very apparent.
The main thing to understand about tether is that if you want to get your dollars back from the company that owns tether directly instead of going through one of the excha
Not sure how this stable coin is supposed to work, but in the event where it starts to trade above $1, the organization that wants to keep it stable can easily lower the price (mint more, etc.). The hard part for these stable coins is preventing runs on the "bank" which can drive the coin close to zero.
So this could actually be a very low risk short, with minimal chance you'd have to cover at a loss since the people running the coin have a vested interest in it not getting too pricey, and of course the pay
That's because you're thinking about the users of Tether. Tether wasn't created because it's useful: it was created because it allows the company behind it to trade it's cryptocoin (worth nothing by itself) for actual money, under the guise of maintaining a financial reserve. This is, effectively, an interest free loan of billions of dollars. Best case scenario, the issuer can invest those billions and make huge returns (which is why even Tether itself admits that most of it's coin is not backed by cash, bu
Tether claims to have securities to back their coin. If they really do, then betting against them is pointless. If they don't...well, it won't be the first coin to turn out to be based on BS.
It probably won't take long to find out which is true...
The main thing to understand about tether is that if you want to get your dollars back from the company that owns tether directly instead of going through one of the excha
Not sure how this stable coin is supposed to work, but in the event where it starts to trade above $1, the organization that wants to keep it stable can easily lower the price (mint more, etc.). The hard part for these stable coins is preventing runs on the "bank" which can drive the coin close to zero.
So this could actually be a very low risk short, with minimal chance you'd have to cover at a loss since the people running the coin have a vested interest in it not getting too pricey, and of course the pay
That's because you're thinking about the users of Tether. Tether wasn't created because it's useful: it was created because it allows the company behind it to trade it's cryptocoin (worth nothing by itself) for actual money, under the guise of maintaining a financial reserve. This is, effectively, an interest free loan of billions of dollars. Best case scenario, the issuer can invest those billions and make huge returns (which is why even Tether itself admits that most of it's coin is not backed by cash, bu