[fbdjskajxb]

Seems like exchanges should be fine as long as their books balance. Even in a “run” you would just have delays waiting for cash outs to process, they would go through eventually.

[stefano]

> as long as their books balance

This is a really strong assumption that I wouldn't bet on.

[saalweachter]

There is a certain irony to companies built to profit off a distributed public ledger having accounting problems.

[rhino369]

I'd also be worried that any exchange that used tether, would realize their jig is up, and just run away with all the coin.