Where is Tether keeping it's money? [Part II]
In the final part of our series on Tether we touched upon various things like:What would happen if Tether goes bust? How it could lead to a liquidity crunch in the crypto markets & spillover into the financial marketsIs Tether too big to fail at this point? Who would be willing to bail them out in case the worst case scenario does play out?Talking about the fact that Tether can practically issue unlimited tokens in circulation & how they could inflate this situation furtherRelationship b/w BitFinex & Tether and whether Tether used it's reserves to help out BitFinex?Story of how Tether CFO posting memes was moving the crypto marketsWhether most of the cryptocurrencies in circulation today will go bust?Why it still makes sense to have a tiny portion of your portfolio into cryptosSummarizing the major red flags around Tether & discussing the action points for retail investors in CryptosYou should read the entire article by Bloomberg covering this story!