4 ms·
It looks like they might have used the money that should have backed tether to buy bitcoin, and then whenever the market looked like it might be correcting they
by tomtimtall 9y ago
It looks like they might have used the money that should have backed tether to buy bitcoin, and then whenever the market looked like it might be correcting they issued more to stop it from falling and buy the dip.
- paulgb 9y agoThis is my hypothesis as well, although even simpler: they never sold the USDT for USD in the first place, but used it to buy BTC directly.