USDT/USD: 1.0349 on BitfinexIn what realm of craziness would people value USDt at a 3.5% premium to USD knowing that USDt is already lacking reserves?USDt trading at such a premium to USD on Bitfinex implies that people think there is considerable risk that Bitfinex is approaching insolvency.You'd have to be crazy to be holding any USDt or anything on Bitfinex. Anyone with half a brain should move into some sort of crypto and try to get off Bitfinex asap. Both USDt and Bitfinex as flashing huge alarms.
Submitted April 28, 2019 at 11:45PM
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