Post
Topic
Board Trading Discussion
Re: Bitfinex & Poloniex concerns
by
European Central Bank
on 01/05/2017, 00:11:10 UTC
If USDT is no longer equal to USD, then you can't trade BTC/USDT anymore. Why don't those exchanges just switch to USD instead of USDT?

because usdt is in theory just another alt so it avoids a whole bunch of banking and legal problems. poloniex is pure alt with no fiat possibilities. that's tether's problem. they'd have to spend millions on compliance to switch to usd.