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Maybe they have enough liquidity for it, since it’s their scam? I guess that FTT/Binance situation created an additional demand everywhere. The same depeg was observed after LUNA(?) news spread, afair, on a similar market.

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There's almost $70 bn worth of USDT in the world. I don't believe Bitfinex has $70 bn of assets backing it. How much do they have? I dunno. But if there's a run we're gonna find out.

If their latest attestation is to be believed, they have $52B in cash+equivs including $28B in treasury bills

So it will need a big big run until they start hitting their dodgy reserves in metals and loans

That's of course unless the attestation is BS or defrauded which is entirely possible

Note that treasury bills (and more so treasury bonds) have taken a beating with the increase in interest rates... so I wouldn't be surprised if they lost quite a bit there.

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