>...What really amazes me about the whole thing is that after celcius and now ftx, tether manages to have peoples' trust...
I've never held/used Tether, and that won't change. There's no reason to use it. However, it's worth pointing out that Tether DID go through what FTX is going through right now. They handled it surprisingly well.
There are rumors that FTX was/is missing as much as $5 billion of customer deposits. That's what lead to their withdrawal issues.
>while it should at least be mentioned or discussed in here, even tho it has no direct relation
It's a stable coin, not a centralized exchange. No comparison. Though, both should be able to honor 100% of withdraws at any moment.
You are likely to label me as an apologist. Again, I don't trust it. I couldn't care less if it stops existing tomorrow. I just haven't seen any concrete evidence it can't honor redemptions. The opposite was proven in May and June.
I've never held/used Tether, and that won't change. There's no reason to use it. However, it's worth pointing out that Tether DID go through what FTX is going through right now. They handled it surprisingly well.
This article says they had $10 billion redemptions in May: https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel...
This article says they had $1.6 billion redemptions in June: https://www.coindesk.com/markets/2022/06/15/tether-sees-new-...
There are rumors that FTX was/is missing as much as $5 billion of customer deposits. That's what lead to their withdrawal issues.
>while it should at least be mentioned or discussed in here, even tho it has no direct relation
It's a stable coin, not a centralized exchange. No comparison. Though, both should be able to honor 100% of withdraws at any moment.
You are likely to label me as an apologist. Again, I don't trust it. I couldn't care less if it stops existing tomorrow. I just haven't seen any concrete evidence it can't honor redemptions. The opposite was proven in May and June.