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Hmm, was writing a longer answer to you, but ended up agreeing without expecting to. Bitfinex could either issue some USDT, convert it to USD and hand that to
by kmonsen 5y ago
Hmm, was writing a longer answer to you, but ended up agreeing without expecting to.
Bitfinex could either issue some USDT, convert it to USD and hand that to the influencer, or issue some USDT and hand that to the influencer. Can't really see the difference here, except if they hand over USDT that will hype the market a bit as well? As long as the conversion works they two are functionally the same.
- fbernier 5y agoThey control the issuance of USDT, something they can't do with USD. They sure hope influencers don't immediately convert it to USD and buy other bitcoin or other cryptos with it instead. That way, they keep the USD and the influencer helps pumping the price.