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>> Over $60 billion worth of USDT now circulates through the crypto ecosystem... Tether has historically never faced a large amount of redemptions. Issuances ha
by dalbasal 5y ago
>> Over $60 billion worth of USDT now circulates through the crypto ecosystem... Tether has historically never faced a large amount of redemptions. Issuances have outpaced redemptions by more than 20:1.
Does that mean that $60bn in net Tether has been sold by the "mint?"
- slaman 5y agoIf you print 30 billion and give it to your buddy at an exchange for an IOU/commercial paper. I guess that counts as a sale, even if the exchange mostly uses it to wash trade the price of cryptocurrencies up.