Why would exchanges collapse if Tether goes to zero? They wouldn't collapse if Ripple or Iota went to zero.
To an exchange, Tether is just another cryptocurrency. Traders deposit Tether, other traders deposit Ripple or Iota, then the traders trade and the exchange takes a cut.
If any of these goes to zero traders might get wiped out, but how exactly does the exchange go bankrupt?
To an exchange, Tether is just another cryptocurrency. Traders deposit Tether, other traders deposit Ripple or Iota, then the traders trade and the exchange takes a cut.
If any of these goes to zero traders might get wiped out, but how exactly does the exchange go bankrupt?