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Who is holding USDT? Likely traders who went onto Bitfinex (Tether's sister company) and sold their BTC there for what they thought was a good price. BTC, in th
by amycastor 6y ago
Who is holding USDT? Likely traders who went onto Bitfinex (Tether's sister company) and sold their BTC there for what they thought was a good price. BTC, in this scenario, is a bridge to USD, because it can be moved to an OTC desk or a banked exchange and sold for cash.
- wmf 6y agoSo they're going to hold USDT until the crash, then re-buy BTC and move that out? Plausible, but it sure seems complicated.