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Response to “Tether how bad Will it Be?”

Coins, News

In a post earlier this week I highlighted the controversy around and asked “How bad will it be?” After a bit of research I have concluded “not too bad” because,

  • the cryptomarket is in free-fall now so it can’t get much worse
  • Coinbase declared profits of over $1bn so Bitfinex must have plenty of cash in the bank to sort it out if it has to
  • the market has priced in Tether being underfunded
  • Tether is less than 1% of the Cryptomarket according to Coinmarketcap.

 

Author

James Bayley

Ex-physicist, professional project manager and cryptocurrency enthusiast.

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