3 ms·
>People always refer to Tether 'printing money out of thin air', but they never consider the prospect that investors are wiring money to exchanges, having Tethe
by aqme28 9y ago
>People always refer to Tether 'printing money out of thin air', but they never consider the prospect that investors are wiring money to exchanges, having Tether printed for their use, and then using that USDT to purchase cryptocurrencies.
This isn't an alternative explanation. This is the same explanation.
Investors are printing USDT and using it to buy BTC.
- DennisP 9y agoIt's different because it would mean there's a USD backing every USDT.