"Tether would likely slow down or stop withdrawals as their reserves dwindle. The lower the marketcap becomes the greater the probability of not being able to cash out."
Many people are withdrawing money from the tether. Tether cap down from 2.9B to 2.2B (today)
We’ve already seen TrustToken get listed on a couple of exchanges.
This process will almost certainly result in lower demand for Tether, leading to offshore entities cashing out large amounts of Tether.
Bank runs are as old as banks. When the public loses confidence in something no one wants to be caught holding the toxic asset. The longer actors wait to cash out, the higher chance they have of not being able to get any cash out.
Many people are withdrawing money from the tether. Tether cap down from 2.9B to 2.2B (today)
We’ve already seen TrustToken get listed on a couple of exchanges.
This process will almost certainly result in lower demand for Tether, leading to offshore entities cashing out large amounts of Tether.
Bank runs are as old as banks. When the public loses confidence in something no one wants to be caught holding the toxic asset. The longer actors wait to cash out, the higher chance they have of not being able to get any cash out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.