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Would we not expect this same pattern if Tether was printed in response to money coming in? Meaning yes, they don't have USDT 100 % fully backed, but they aren
by hoschicz 6y ago
Would we not expect this same pattern if Tether was printed in response to money coming in?
Meaning yes, they don't have USDT 100 % fully backed, but they aren't printing it out of thin air either.
What surprises me are the incredible volumes in USDT -- why would anyone ever use USDT instead of USDC, DAI or BUSD? All of them are much more transparent and less risky.
- ElKrist 6y agoSometimes it's just a practical matter The exchange I use only has instruments with USDT pairs (BTC/USDT, ETH/USDT), not with USDC.