Tether is toast

tether is toast.
twitter.com/Silver_Watchdog/status/1282086504609742849

Attached: file.png (1186x1024, 481.22K)

what happened?

crypto is toast

FTFY

>tether is not backed by anything
ok, anything we don't know yet?

where can one short Tether?

the person directing this is the negress ag of ny. tether and crypto community need to fund her rival.
hopefully she gets picked up in epstein dragnet

By cashing out back into fiat, wait for cypto to collapse, then buy back in

You literally can't cash out though, thats why they made tether

What is coinbase to bank transfer?

Why the fuck does the US have any right to demand all this documentation from a non-US company?

Can you just fuck off already? Focus on getting your shithole country corona-free instead of bullying foreign companies that make up the backbone of crypto trading.

corona is a hoax though

what exchanges have an USD/USDT pair?

Why is this going to suddenly destroy crytpo?

nah, I am sure the third largest cap crypto being seized as fraudulent and one of the biggest exchanges being sued in court for that very fraud will just fly over crypto market's head

>Why is this going to suddenly destroy crytpo?
its not. its just a negress ag exceeding her authority on the global stage.
she needs to stay in her cotton-picking lane

>US bans tether
>nothing happens

yeah, that's exactly how it's all gonna play out

Crypto has been involved in so much fraudulence and its still alive and kicking. Even if Tether had to exit the market wouldn't it just make the alternatives more valuable?

holy shit a tether just flew over my house

also what is the deadline on ban?

Tether is the crypto money printer that goes brrrr

Good lets me accumulate heftier bags. Lets make it happen

>US
us isn't banning shit bongface
this is a state ag for ny. other states dont give a fuck about this....

Unironically yes, better luck during the next pandemic/black swan event

Yes it would, Tether doomers lack critical thinking abilities. If tether collapses, that money rushes into Bitcoin predominately.

Stablecoin doesn't need to be backed by shit, it will always be $1 because we need something to peg usd against.

i do wonder how this whole thing is supposed to work in demanding documentation from a company operating under british virgin islands law
or is the NY AG removing any pretenses of national sovereignity and just declares its own jurisdiction to be global

yes for someone that owns btc in his own wallet
but how many of the major exchanges hold tether and how dependent are they on it
it is possible that the us could ban any us company or citizen from holding and trading in tethers, then the question becomes can the exchanges survive such an event or are we going to see mtgox 2.0
btc itself will survive but we could see another crypto winter until the next halving

its quite simple senpai.
usdc is the ny approved coin - they've bribed who they need to bribe.
this is just a move to make ppl switch from usdt to usdc.
tldr. its not "CRASHING THE CRYPTO MARKET". they're just legal shilling their shitcoin

Most US exchanges don’t deal in Tether because they can get dollars/USDC. The ones that do are certainly not reliant upon it. Tether is mostly used by eastern asian exchanges and Russians

Yes, and after the Tether case is wrapped up, the USD will be banned for excessive use in fraudulent activities.

Jerk me off bitch. Crypto is going nowhere but to the fucking moon.

interesting
in that case tether is indeed not going to blow up btc
on the other hand bitfinex dying can only be good news

Its not, bitfinex can literally just ignore them and not do a damn thing

>the government can
that's where you are wrong kiddo