3 ms·
Another datapoint: USDC minted 7b in the last 30 days. Does 3b tether in the same time period seem unreasonable?
by yrral 5y ago
Another datapoint: USDC minted 7b in the last 30 days. Does 3b tether in the same time period seem unreasonable?
- ivalm 5y agoThe problem with tether is not the amount minted/in circulation. The problem is that they definitely lied previously about their backing and are probably lying now. If you claim to be one of the worlds largest commercial paper holders yet no one knows whose commercial paper you are holding then that is suspicious. It’s unimaginable that a new large player entered the market and nobody noticed.