Opinion · Nov 4, 2026 04:41 UTC

stablecoin settlement is underpricing basis compression

TETHER daily trend
TETHER daily trend

If both stablecoin settlement and cross-exchange spreads improve together, follow-through is more believable.

That debate sits next to today’s market focus around “Binance's Teng Says Industry Must Learn From Hack: Do New Crypto Features Raise Risk?.”

Positioning often matters more than the headline itself.

Discipline is cheapest before volatility arrives.

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