5min chapter

Odd Lots cover image

Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works

Odd Lots

CHAPTER

Redeeming a Tether

If tether goes to zero, what happens then? One possibility is that it doesn't even come. But also, maybe there's a liet of rot on tether im they the their banking partners start to get nervous redeeming. The pig would mostly break his absolute race to redemptions. It would be really bad luck. Regulatrs would crack down on stable points and life would go on. And crip coin crash is probably not unlike the bad % in general. I an like how that would play out.

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