It's been the most obviously sketch shit in the crypto space for the last 3 or 4 years since it was introduced, but nobody seems to give a fuck. Maybe this shock to the system will finally topple it? idk.
I'm not even sure if crypto people even know what Tether is.
You don’t see it as exact same gold believers argument? It doesn’t matter that the underlying is irredeemable, while fiat gates operate as if it is, it will continue to circulate and serve as it does
yeah sure maybe, I don't pretend to be positive about whats going to happen here but I assume this apocalypse scenario is presuming the 1:1 USD peg breaks, so if it doesn't then yeah what you're saying holds