2 ms·
I have this fantasy that Tether is legit, and trying to look shady, so that they can buy dollars at a discount. Any time market confidence falters, they prop up
by petesergeant 3y ago
I have this fantasy that Tether is legit, and trying to look shady, so that they can buy dollars at a discount. Any time market confidence falters, they prop up this price by buying back tether (which is backed 1:1) at a price under 1. They purposefully don’t provide any evidence, because it leads to cheaper dollars for them to purchase.
Definitely not true, but what a beautiful “scam” that would be.