pull down to refresh
Because Strike has done a lot of the hard work with little marketing.
They unlocked bitcoin backed lending and established money transmitter licenses all over the USA! Tether can now use this exchange to access the US market and the world market as well as strike is global.
They can launch their tetherUSD on Strike and build easy synergies with their other products like Rumble and the wallet they just released.
reply
I've been pleased that they haven't jumped on the treasury company band-wagon (although, I haven't paid enough attention to them in the last year to know how true that statement is). But this is an interesting take as to why.
In my ignorance, I will ask: what incentive does Tether have to value Strike highly? Why wouldn't it make more sense for them to devalue Strike shareholders?