COIN - Coinbase Will Suffer From Its Shackle To Tether
- Coinbase, now a listed Nasdaq entity, is a practical way to express a bearish view on the crypto world via a mainstream broker.
- Coinbase just announced the stablecoin Tether will now be accepted on the entirety of their platforms; until April '21 it was excluded for very valid reasons.
- This article focuses on persistent problems with Tether's liquidity, reserve assets value and the attestation thereof, despite the stern $18m reprimand and new conditions imposed by New York's Attorney General.
- Tether's acceptance on Coinbase adds higher systemic risk to the entire crypto world. Coinbase will be a major casualty when these risks are realised. Sell COIN Now!
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Coinbase Will Suffer From Its Shackle To Tether