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RE: !!! Tether Audit Failure !!! The Bitcoin Bubble & Crypto Joins E-Commerce In South Korea

in #steemit7 years ago

Hopefully this is not true. Because if this is real, then we might see another crash similar to the Mt. Gox exchange. I don't think I can handle that much loss in case that happens :(

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I hope not as well. I think if it ends now, we won't have a major crash. Tether makes up about 0.6% of the entire BTC marketcap and not all of it is leveraged on BTC. It is very bad for the crypto space if it continues to mint more USDT and EUT and even in Asia now.