[spiffydave]

Yeah, Tether isn't great. Why use that as your example? There are plenty of other stablecoins and the article was about Bitcoin.

[paulgb]

There’s an argument that the price of Bitcoin is propped up by Tether, a la Archegos. I was initially pretty skeptical, but the caginess of Tether about what commercial paper they hold makes me think it has some credence.

[spiffydave]

There's so much money coming into crypto and multiple studies have looked at money coming into Tether and the effect on Bitcoin price and it's negligible.

Plus, money has been coming out of Tether and into other stablecoins and what is happening with Bitcoin's price? Yeah, up.