[throwdecro]

Does that $65K represent a trade against USD or a trade against Tether?

[capableweb]

On Coinbase Pro (just one example) BTC-USD (real USD, not Tether or any other stablecoin) is currently trading at 66,659.99 USD.

[ur-whale]

> Does that $65K represent a trade against USD or a trade against Tether?

A fair question to ask, but there are quite a few places where BTC can be traded against actual cold hard cash and not monopoly money (insofar as you consider USD not monopoly money, a shaky proposition in itself).

So yes, USD, not Tether.

[mankyd]

USD - you can buy and/or sell on the major platforms for that price.