/biz/ - Business & Finance

>>4602942
>the amount of tether created doesn't matter as long as they have the USD to back it up.
>you have no proof that they are insolvent.

Yeah sure buddy they have the money to back it up.... Lets just see how this plays out.

>>4598854
Quick rundown on the Tether situation

>>4595121
>There are billions of dollars of volume every day bitcoin pumps. Even tens of millions of New tethers on these days (there were ten million created today) is a drop in the bucket
Tethers on margin + wash trading + FOMO = billions in volume you dumbass

> Billions of dollars in new money is pouring into crypto on a daily basis now. The demand for tethers is not artificial
Its not about the demand you dumbass. Its about Bitfinex having enough fiat to back up the Tether they are printing out. This just goes to show how fucking stupid you are. Its never been about the demand its about tether being backed.

>Bitfinex is making an unbelievable amount of money running a legitimate business, and with the way crypto is going, it's only going to get better for them.
Any evidence to support that? Check out this picture with a quick rundown on the Bitfinex Tether situation supported by facts.