What Happens When the Tether Shit Hits the Fan?

To delay the SHTF moment, they are currently:
- delaying BTC payouts
- paying out by incoming funds
- restricting outflow of USDT from their exchange to Kraken
- artificially keeping USDT margin rates on their exchange at 30% PA to incentivise suckers depositing coins to buy up USDT

Guess the catalyst will be when BTCUSD heads south and they can only attract less suckers, when their BTCUSDT pump cannot be sustained any more.

Like what you read? Give Gabor Nagy a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.