> Does that $65K represent a trade against USD or a trade against Tether?
A fair question to ask, but there are quite a few places where BTC can be traded against actual cold hard cash and not monopoly money (insofar as you consider USD not monopoly money, a shaky proposition in itself).
A fair question to ask, but there are quite a few places where BTC can be traded against actual cold hard cash and not monopoly money (insofar as you consider USD not monopoly money, a shaky proposition in itself).
So yes, USD, not Tether.