I think an underlying vulnerability in the exchange ecosystem right now is Tether, specifically its legality under banking laws in the various countries where exchanges are established and using Tether. Pegging an electronic token to the USD as a service to depositors is about as close as you can get to a bank without actually being a bank.
tether is simply irrelevant because it is not being uses as much as you think it is. the volume that it has indicates it very well.
this is a new thing that i have been seeing you and a couple of rather newly created accounts are saying! and honestly i can't see how we can even start talking about USDT while there are a lot of other things wrong with these platforms that are much bigger.
I think an underlying vulnerability in the exchange ecosystem right now is Tether, specifically its legality under banking laws in the various countries where exchanges are established and using Tether. Pegging an electronic token to the USD as a service to depositors is about as close as you can get to a bank without actually being a bank.
tether is simply irrelevant because it is not being uses as much as you think it is. the volume that it has indicates it very well.
this is a new thing that i have been seeing you and a couple of rather newly created accounts are saying! and honestly i can't see how we can even start talking about USDT while there are a lot of other things wrong with these platforms that are much bigger.
Where are you getting your tether volume data? Is that volume data the sole reason you claim that it is not "used as much as I think it is"? Also, are you suggesting that I'm a shill because I have a young account?
no i did not mean it like that. sorry.
i am simply reporting my perosnal observation. based on things on read on the forum, things i see on charts and things i see while i am on the exchanges trading.
when i talk to other traders in here or in groups none of them like tether and they prefer using fiat instead. and the volume that i usually check on exchanges (not lately but so far in the past 2 years) are low. much lower than you expect it to be.