Also, was very curious to know if you had read any of the above sources and had any thoughts on the matters?
As I mentioned, it has me very concerned, so much so that aside from this small trade, I am literally completely exited out of the market (into fiat and off exchange in all ways).
Quoting: nemo_solus regarding the tether stuff?
and the stablecoin going so high?
the stablecoin being depegged is strange but it does happen when volatility happens. going up is a lot better than going down. it's at 1.17 in that picture. again, above 1.00 is way better than below 1.00
above 1.00 means there are not enough stablecoins to meet demand. not a big deal. just use a different stablecoin. i'd definitely get out of the stablecoin at 1.17 though as it will definitely come back to 1.00 eventually. just get back in when it's 1.00 again and you're fine.
below 1.00 means there is not enough capital to maintain the value of 1.00 and they need to burn coins or raise capital to get back to 1.00 (but can't burn because of a crashing market usually so they go on a begging spree hunting for money to prop up their stablecoin)
i can't read the article on bloomberg
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link to www.coindesk.com (secure)]
Crypto.com Delists Tether’s USDT Stablecoin for Canadian Users
All USDT trading pairs, transactions, deposits and withdrawals will be delisted by 1 p.m. ET on Jan. 31, the email continues. All remaining USDT user deposits on the exchange after that time will be converted to Circle-issued USDC.
