Holly cow, Binance exposure to USDT is insane 🤯

Tether is still the biggest time bomb IMO. Nothing beats the opacity of it in crypto.
And possibly the next big "We told you so..."

https://twitter.com/WatcherGuru/status/1590678046469935104

cofounder beem.xyz  • f*ck gatekeepers - be the platform. Building the web3 video tools for the self-sovereign creators. Bitcoin since 2013

I still don't understand why people hold USDT... like why not switch to USDC wtf is going on?

The only problem is externality pricing.

Building https://negationgame.com

Most people are on a comfy autopilot - stick to what's convenient and no effort. Same for keeping their holdings on a CEX (WTF!!!) Don't want to make the extra effort until it's too late.

Sad reality: it's more comfortable and convenient to be taken care of by "someone" else, be told what to do, what to think...