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Maybe people are trying to run away from their own country's currency even more urgently? Is it really risky to get some tether for a short time to buy some oth
by hackernudes 5y ago
Maybe people are trying to run away from their own country's currency even more urgently? Is it really risky to get some tether for a short time to buy some other cryptocurrency?
Maybe the question is why do some big exchanges still work with tether? Must be worth it to them!
- freeAgent 5y agoWho specifically are you talking about? In many countries with inflation problems, USD aren't hard to come by. In countries with no access to USD and/or capital controls...then yes, Tether kinda sorta makes sense as an intermediary to get to another asset, but that does absolutely nothing to explain why Tether's issuance exploded and continues to rise exponentially (at least through the end of March 2021 before pausing for a few months without explanation).
- jazzyjackson 5y agoWell exchanges take a percentage of each trade, so the higher the price is pumped via tether, the higher their revenue, right?