
This Week In Doom Ep. 6 - Bennett Tomlin & George Noble FULL EPISODE
The Grant Williams Podcast
00:00
Redeeming Tether Is Not Always Super Clean and Easy
Many of tether's clients were also invested in the terra eco system, and so during the terra de peg, they had more pressing risks to their capital than trying to arbitrage this minor tether peg. I can't really lane where tether was growing into a down market while everyone else was shrinking. Tether kept going up until finally they ended up processing a relatively large set of redemptions at once,. And you saw this, like, major drop to the market cap, all at once.
Transcript
Play full episode