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And what does the company do with those USDT? If the money printing theory is correct, companies like yours would be the ones counteracting any sell-pressure on
by miracle2k 6y ago
And what does the company do with those USDT? If the money printing theory is correct, companies like yours would be the ones counteracting any sell-pressure on USDT.
If the theory is not correct, companies like yours would see an at least equal buy-side demand for USDT, bringing real USD into the system.
I mean, does the company hold (increasingly?) large USDT positions on their balance sheet (and would therefore be the ones in the hole if Tether loses the peg), or is the company able to get actual dollars out of Tether inc. in exchange for those tokens?
- seibelj 6y agoI worked at Circle https://www.theblockcrypto.com/post/48857/former-head-of-circle-otc-says-theres-more-to-the-tether-narrative https://www.theblockcrypto.com/post/48857/former-head-of-cir...
- microtherion 6y agoThat article was published in December 2019, when $4B of Tether had been issued in total, and covers an unspecified earlier period. Are you sure that the $20B of Tether issued since then have an identical origin story?