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iFinex printing more tethers to pay that 41mm fine?
by jzig 5y ago
iFinex printing more tethers to pay that 41mm fine?
- jonrcooper 5y agoBitcoin's market cap has increased by 70B in the last 24 hours. That fine and this rise is not even in the same order of magnitude.
- Slartie 5y agoTether printer is rather silent right now. So is USDCoin. Both hit a plateau a week ago. That's one thing concerning me with this ATH. Large upswings usually coincided with USDT/USDC issuance for the last years, which makes sense, given that fresh money is needed to drive new ATHs and the USDT/USDC market caps are the best-available proxy for the amount of fiat stashed in the crypto ecosystem. It could be that this hype cycle and new ATH is still being driven by money that has already been in the system (but on the sidelines for a while, probably since the big drop in May of this year), but if that was the case, then it should be rather short-lived if large chunks of new money don't start entering the system soon.
- WalterSear 5y agoAccording to this tweet, Tether has over 1.62 billion USDT to get through before it needs to print. https://twitter.com/realpauleverton/status/1450875891362435073 https://twitter.com/realpauleverton/status/14508758913624350...