OH NO NO NO NO NO NO

[bait No.26075371]

>From January 2020 to September 2020, the amount of all foreign currencies held by all the domestic banks in the Bahamas increases by only $600 million — going from $4.7B to $5.3B. (The table is in Bahamian dollars, but the Bahamian dollar is pegged to the US dollar, so 1 BSD = 1 USD.)

>But during the same period, total issued Tethers increased by almost $5.4 billion — going from $4.6B to $10B!

>The implication was shocking: there weren’t nearly enough dollars in all the domestic banks in the Bahamas to back the Tethers that were floating around in the crypto market.

>So this was crypto’s big short: Tether Ltd. was short of US dollars — to the tune of about $25 billion.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

[Anonymous No.26075435]

thanks for the tether FUD thread, we really needed another one of these

[Anonymous No.26075491]

>>26075435
this is a staple of every bullrun, retards think it actually means anything, remember what goes in all fields

[Anonymous No.26075531]

>>26075371
>2 more weeks sirs

[Anonymous No.26075621]

Thanks retard. I sold before the pump. Go fuck yourself holy shit man. I was 20k short of being 6figs

[Anonymous No.26075765]

>>26075371
What are correspondent banks?

[Anonymous No.26075925]

>>26075371
yes it crashes every second now
let's count together!!

[Anonymous No.26076045]

Deltec Bank is considered an international bank, not domestic. Domestic is only for deposits of Bahamians. Theres way more money even without counting Tether as international banks also cater to funds and other high net worth individuals and families

[Anonymous No.26076095]

>January 18th, 2020
tick tock, mumus