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XDEX Chief Analyst Fernando Ulrich took to Twitter today to explain how fractional reserves, maturity mismatching, and liquidity have all led to a fragile environment for Tether (USDT), the world’s most popular stablecoin. “Fractional reserves, maturity mismatching, liquidity,” wrote Ulrich on Twitter earlier today, introducing his 46-part thread. “A long needed and essential thread on […]
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