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Tether is not deflationary, its a centrally pegged stable coin. No tether is burned unless redeemed.
by Galanwe 4y ago
Tether is not deflationary, its a centrally pegged stable coin. No tether is burned unless redeemed.
- UncleEntity 4y ago> No tether is burned unless redeemed. Which is the definition of monetary deflation…
- JumpCrisscross 4y ago> Which is the definition of monetary deflation No, it's the definition of a shrinking money supply. Inflation and deflation are measures on purchasing power, not money supply.
- UncleEntity 4y agoWell, you see, there are two types of inflation, monetary and price. Monetary inflation is when you increase the money supply through the printing press or digging up new gold or whatever. The converse for monetary deflation. Price inflation != monetary inflation though “they” want you to believe it is.
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- buzzert 4y agoApologies, I meant inflationary (since the USD is inflationary).
- Galanwe 4y agoUSDT is not inflationary as well, as there is no interest rate applied to it, contrary to USD. This is in fact a real annoyance for USDT investors, as Tether does not pay the risk free rate, which they should, as any USD custodian would.