I assume interest rate climate and losses will start an outflow of money from cr... | Hacker News

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sottol on Nov 9, 2022 | parent | context | favorite | on: FTX’s financial black hole leaves Binance balking ...

I assume interest rate climate and losses will start an outflow of money from crypto. I wonder how Tether will handle this. They seemed too big to fail but this is looking serious.

Denniz on Nov 9, 2022 [–]

Good point. That is true for all Stablecoins. The question is, do they have the liquidity?

Right now it is very very profitable for them. They can earn interest rates for free, without a high risk.

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