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Don't you have it the wrong way round? The value (in $) of USDT crashes after they create more of it, because they create more of it (i.e. supply increases). I
by tomp 8y ago
Don't you have it the wrong way round? The value (in $) of USDT crashes after they create more of it, because they create more of it (i.e. supply increases). I mean, surely it doesn't make sense to increase supply after USDT crashes (and hence depress the value further)?!
- ceejayoz 8y agoIf Tether is a scam, they'd care more about the value of Bitcoin and the altcoins being propped up with it (as that's where they'd be actually making their money) than the value of Tether.
- tomp 8y agoAh, I get it. I thought the parent was implying USDT/USD market crashes, but I didn't notice the `.jpg` that shows BTC/USD price.