[demosthenes111]

Delisting is probably the best case scenario imo. If the dung hits the fan with Tether while many exchanges are based on it, it could be a very bad thing for the entire cryptocurrency market. I could definitely see that scenario causing a massive "bank run" where many people try to pull their money out at the same time and several major exchanges go insolvent, resulting in mtgox style loss of confidence in cryptocurrency in general.

Delisting would hopefully signal that "we know there's sketchy stuff happening there, so we are working around it and finding solutions." And it would insulate the exhanges from huge price swings on every USDT/* trading pair.

[mancerayder]

As per my other comment above, I find it infuriating that they didn't delist Tether months ago. The printing of Tether, so to speak, is absolutely a spiraling problem. There is a qualitative easing inflationary quality to the entire crypto marketplace so long as it is allowed. It's a huge disappointment that that thing wasn't yanked late 2017 from all half-respectable exchanges.