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the people putting down deposits for tether are institutional investors.
by Acrobatic_Road 6y ago
the people putting down deposits for tether are institutional investors.
- riku_iki 6y agoAre such investors allowed buying unregulated securities?
- DSingularity 6y agoWhy do you think such regulations would apply to such institutions or apply in a way they cannot legally circumvent? These regulations were made for a reason and it is not to limit investment to those sanctioned by the federal government.
- PragmaticPulp 6y agoWhy are they buying Tether instead of simply buying Bitcoin? It's 2021. It's not hard to buy BTC at the institutional scale any more. Why arbitrarily go through a middleman to buy USDT, then use that same middleman to sell your USDT for BTC?
- Scoundreller 6y agoIt's usually exchange driven. A lot of the "no-KYC" ones don't have any banking relationships, so if you want your money in not-crypto, USDT a way to do it. Either on the exchange, or to move between exchanges.