id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-9604		DSHR's Blog: Stablecoins Part 2			.html	text/html	6120	593	78	If there were a sudden drop in the market, and investors wanted to exchange their USDT for real dollars in Tether's reserve, that could trigger a "bank run" where the value dropped significantly below one dollar, and suddenly everyone would want their money. Rollicking good times like these attract the attention of regulators, as Amy Castor reported on July 2nd in Binance: A crypto exchange running out of places to hide: After a user placed a large number of buy orders for bitcoin perpetual futures denominated in tethers (USDT) on Binance — an unregulated exchange struggling with its own banking issues — The BTC/USDT perpetual contract hit a high of $48,168 at around 01:00 UTC on the exchange. At this point, Binance is holding so much Tether the exchange is far more dependent on USDT's peg staying stable than it is on any of its banking relationships.	./cache/blog-dshr-org-9604.html	./txt/blog-dshr-org-9604.txt