Perhaps a good starting point is spending a few minutes investigating how bitcoin works, perhaps with ChatGPT as a resource. You should attempt to understand it before forming an opinion and asking leading questions.
Bitcoin uses a UTXO model, a recipient address is specified for the remaining funds that are not intended to be spent. Similar to how you pay for a $20 item with a $50 note, you (recipient) receive $30 in change.
If Tether untethers there will be a rush to other assets, pushing them higher.
Shorts denominated in USDT will get absolutely decimated, pushing other assets higher.
Exchanges using Tether will enforce a maximum withdrawal, pushing other assets higher.
Smart money will buy USDT at a discount once their reserve details are made publicly available. If it's FUD they'll make an absolute killing.
There's 3 possibilities here:
1. Tether is completely backed 1:$1 (highly unlikely)
2. Tether is partially backed, the reserves are greater than the outstanding
3. Tether is partially backed, the reserves are less than outstanding
Only 3) will have a downward price correction. If they've been buying BTC like everyone here has suggested then 2) is the most probable, since you know BTC is at yet another ATH.
If it becomes public that tether has excess reserves, the FUD will disappear silently. Worst case Tether says they will slowly sell off to reach 1:$1 over the next 12 months.
We have a FAQ[1] which is being fleshed out but take a look if it helps.
We are 100% non-rent seeking.
In Ethdex we incentivise Trading platforms by allowing fees to be charged in Eth, the natural currency of Ethereum. Not by creating a token and forcing its utility (ala ZRX and 0x).
We also support Multi-Relay, which is something 0x does not support. As a maker you can submit your order to every trading platform, every slack channel and every subreddit. Other platforms cannot do this.
We also don't have any obligations to VC's to ensure they make profit.
We are working on a platform for exchanging Ethereum (ERC20 tokens) at Ethdex. Exchange happens atomically and on chain. No counter party risk, unlike exchanges such as Bittrex. We aren't rent-seeking or forcing you to use a token.
Is this much different to nativefier? [1]
I made previous use of this by wrapping different AWS console logins (personal, work, prod) so I could be logged into multiple at once.
Bitcoin uses a UTXO model, a recipient address is specified for the remaining funds that are not intended to be spent. Similar to how you pay for a $20 item with a $50 note, you (recipient) receive $30 in change.