4 ms·

Paypal doesn't print I pressume? Only receives fiat deposits.

• gruez 5y ago
  But there doesn't seem to be much evidence that tether is printing USDT, only a history of them losing people's deposits due to random banking related issues.
  • onlyrealcuzzo 5y ago
    The evidence is that - by their own numbers - they would've needed to buy 1% of all commercial paper in existence in a one month period. It just didn't happen. I will add that the problem is roughly 2x worse. Tether is only ~60% of the stablecoin market: https://coinmarketcap.com/view/stablecoin/ https://coinmarketcap.com/view/stablecoin/
  • davidgerard 5y ago
    Tether are printing USDT, then accounting for the printed USDT on the books as "loans". This is what banks do, but Tether is not a bank.