I wonder why Buffett did not mention Tether, Bitcoins Achilles heel.
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In an interview with the Financial Times last week, Tether executive Paolo Ardoino said revealing details about the group’s reserve management would give away the company’s “secret sauce”.
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Investors pull $7bn from Tether as stablecoin jitters intensify | Financial Times
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According to Kaiko, 70 percent of bitcoin trading activity during the last three months was denominated in tether, with other stablecoins (primarily the dollar-denominated BUSD, FTXUSD and USDC) representing an additional 13 percent of overall bitcoin volumes.
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Tether dominates bitcoin trading - New Money Review
One down. More to follow?
https://coinmarketcap.com/currencies/terrausd/
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