The Ledger
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why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Centralized stablecoins like USDC and Tether ultimately determine canonical chain forks
“And now it's just which chain does USDC and Tether go to? Because they can't duplicate the offline reserves. When the chain forks, they really are going to determine the real chain.”
Forman: Tether Generated Over $10 Billion in Profit Last Year
“If you look at Tether, last year they made over ten billion dollars of profit with a small team.”
Forman: Tether Was the Seventh-Largest Buyer of US Treasuries Last Year
“Tether alone was the seventh largest buyer of treasuries in the past year.”
Dixon: Tether on Tron functions like Venmo in parts of Asia
“I was just talking to someone who runs one of the larger stablecoin infrastructure companies, and he said that the average dollar value is under a hundred dollars. There's a lot of data, much of it is peer to peer, and there's a lot of anecdotes and data that …”
Forman: Holding USDT or USDC Carries Issuer Counterparty Risk Like Bank Deposits
“So if you own USDT, you're taking tether counterparty risk. How do you price that? What return do you need to earn to make that worth your while? If you own USDC, you're taking kind of circle counterparty risk, and you're making a bet on their risk management.…”