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That is not how market caps work. No one can exchange all the Tethers for the market cap in USD.
by jcoffland 9y ago
That is not how market caps work. No one can exchange all the Tethers for the market cap in USD.
- klipt 9y agoNo, I'm saying the market cap is the number of tethers that tether.to has printed so far.
- ufo 9y agoTo be fair, no one can exchange Tethers for any amount of USD. Bitfinex and all other Tether-using exchanges only allow people to cash out with Bitcoins. (Instead of the weakness of tethers being reflected in lower prices, it is reflected by inflated the tether-denominated prices for Bitcoin inside Bitfinex)