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> My understanding is Bitfinex will take your USD and convert to USDT which you can then use to buy crypto. So, who is selling BTC for USDT and why? Who is sel
by seppel 9y ago
> My understanding is Bitfinex will take your USD and convert to USDT which you can then use to buy crypto.
So, who is selling BTC for USDT and why? Who is selling so many BTCs for USDT that they have to print 100 million USDT every other week?
I'd really like to understand that (see also my parallel discussion).
- throwaway90887 9y agoTo safely "park" your crypto assets when it tanks in price. Many exchanges offer tether as a trading currency instead of fiat, to avoid regulatory hurdles.