Mike Alfred, CEO of Digital Assets Data of Bitcoin (BTC) company NYDIG, evaluated Tether (USDT) concerns about losing its stability and suggested that the stablecoin’s fate may be determining the future of Binance.
Value investor and Bitcoin proponent Alfred December 15 on his official social media account. in his postBinance CEO Changpeng Zhao (CZ) and former CEO of FTX Sam Bankman-Fried He referred to the secret messaging records passed between them.
Drawing on messages from CZ telling SBF to stop manipulating USDT, Alfred said: Binance CEO worries about USDT losing stability He claimed.
Why Is There a Message Group?
Alfred is the name of the group chat from which the messages were received. “Exchange Coordination” drew attention to the fact that your discomfort expressed. In addition to FTX and Binance officials in the group, Huobi and from Tether Suggesting that there are authorities in to their determination by drawing attention to the possibility of such a bankruptcy than expected high pointed out that it might.
What Was the Purpose of SBF?
CZ’s SBF “Do you really believe we can take down Tether with $250,000?” in response to the question that they will not wash USDT with 250 thousand dollars, but to problems path that they can open Alfred reminded him that the SBF’s goal is not to destroy Tether. targeting market makers stated that. CEO, SBF’s Tether maintain the 1 dollar fixed market makers providing high-frequency transactions by making it cumbersome your stablecoin to lose one’s stability stated that he intended.
Everyone Mobilizes to Protect
Alfred in leaked messages, Tether CTO by Paolo Ardoino To protect USDT how much capital is needed drew attention to a message expressing their readiness to provide CEO recently Huobi, Justin Sun and Tether to Binance large amount in the fund move to Binance in defense of USDT to help suggested that it might be done. Alfred is also FTX’s Tether can’t sink however traditional hedge funds probably doing this cannot be prevented He claimed.
CEO, Binance’s relationship with Tether organic tortoiseshell Although he did not comment on the issue, CZ’s of sensitivity Tether’s fate The future of Binance with closely related stated that it could indicate that