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> Greed. How it's relevant? Tether has fixed price: 1 USDT = 1 USD, you can't become rich by buying it.
by riku_iki 9y ago
> Greed.
How it's relevant? Tether has fixed price: 1 USDT = 1 USD, you can't become rich by buying it.
- bigbluedots 9y agoLarge amounts of Tether is being printed to buy bitcoin, particularly when bitcoin has lost value quickly. Unsurprisingly, this tends to help the price rebound.
- jebeng 9y agoWhen they print the Tether to purchase BTC, who's keeping the BTC that's bought? Assuming this is an actual fraud going on and not real USD being held to back each Tether 1:1.