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Originally Posted by Ajax
If Bitfinex and Tether implode, it will create a liquidity crisis in which nearly everyone will want to sell and nobody will be able to cash out. It would ruin the market for years.
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Tether is showing signs of, well, becoming untethered to the USD. Trading at 91 cents on Kraken as I type this, which is unprecedented. It will be fascinating to see what comes next.