Bazaar

Where is Tether keeping it's money? [Part II]

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In the final part of our series on Tether we touched upon various things like:

  • What would happen if Tether goes bust? How it could lead to a liquidity crunch in the crypto markets & spillover into the financial markets
  • Is Tether too big to fail at this point? Who would be willing to bail them out in case the worst case scenario does play out?
  • Talking about the fact that Tether can practically issue unlimited tokens in circulation & how they could inflate this situation further
  • Relationship b/w BitFinex & Tether and whether Tether used it's reserves to help out BitFinex?
  • Story of how Tether CFO posting memes was moving the crypto markets
  • Whether most of the cryptocurrencies in circulation today will go bust?
  • Why it still makes sense to have a tiny portion of your portfolio into cryptos
  • Summarizing the major red flags around Tether & discussing the action points for retail investors in Cryptos

    • You should read the entire article by Bloomberg covering this story!  

    ...more
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    BazaarBy Siddharth Bothra