/biz/ - Business & Finance

Anonymous Mon Jul 8 14:21:09 2019 No.14661921 [View]
File: 12 KB, 1132x73, USDT-Vol.png [View same] [iqdb] [saucenao] [google]

It looks like not that many people are sitting on USDT. The Vol / M Cap is around 400%, if we were to believe the numbers in the pic are correct. So, on average, each tether from the supply is spent about 4 times any given day. Also, the daily volume is pretty much the same as BTC.
Does this mean that USDT is mostly used by day traders to buy/sell altcoins?
And how the hell did Tether Limited Company acquire 3B$ to back up each USDT created?

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