Evergrande: Should You Be WORRIED? Impact on Crypto!! (Ep 247)
Coin Bureau
00:00
Is There Any Evergrand Commercial Paper in Tether?
There are now concerns that tether could be quite exposed to evergrand. Almost 50 % of all reserves were held in commercial paper and certificates of deposit. If there is a crisis of confidence in tether, this trading volume could dry up. People would be reluctant to use tether to trade, and it could create a systemic liquidity crisis in crypto. Whether we see a full blown financial crisis as the result of an evergrand default is not immediately clear.
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