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27982601 No.27982601 [Reply] [Original]

If 88% of the Circulating USDT Tethers Printed in 2020, why isnt it hyperinflating?

>> No.27982984
File: 536 KB, 769x1200, the-big-tether-fud.jpg [View same] [iqdb] [saucenao] [google]
27982984

>>27982601
>2 more weeks sir, trust the plan sir. the needful will be done

>> No.27983137
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27983137

When the tether scam ist finally busted this will cause an epic meltdown of the crpyto markets. Nobody gets fiat in or out anymore and prices are in free fall.

>> No.27983208
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27983208

>>27982601
never gona stop

>> No.27983293

Tether FUD is over faggot.

>> No.27983299

>>27983137
fuck usdt we need cadt

>> No.27983353

>>27982601
cuz it can't scale without a solid bridge, like BoringDAO

>> No.27983358

They are 1:1 backed by USD.

>> No.27983364
File: 21 KB, 1215x379, tether_marketcap.png [View same] [iqdb] [saucenao] [google]
27983364

>>27983208
Their market cap is PARABOLIC.

>> No.27983416
File: 49 KB, 1110x304, redeem_tether.png [View same] [iqdb] [saucenao] [google]
27983416

>>27983358
>So you want to redeem your USDT for Fiat USD?
>How about no


>100,000 USD and over
>This represents the current minimum amount required for a fiat withdrawal or deposit.
>minimum amount required

>> No.27983441

>>27982601
Same reason the dollar isn't. Because when you print a lot fast and no one realizes it it take an bit for reality to set it.

>> No.27983472

>>27983293
They printed another $500m this week.

A few days later they printed another $500m more.

>> No.27983499

>>27983299
Who the fuck would want cadt? I make sure all my cad is either spent on silver or crypto or bills as soon as I get it. The Canadian dollar is a ticking time bomb and has been for years.

>> No.27983552

>>27983416
just exchange them for € at binance

>> No.27983625
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27983625

>>27983472
The NY AG is breathing down their neck. This is their final exit scam

>> No.27983630

>>27983472
They print more when more money enters the crypto space, and burn them when money leaves the crypto space (nobody ever talks about the millions burned here though).
It's a stablecoin, that's how they keep the peg to the USD, otherwise it would just be a random token that would eventually be worth $2, $3 etc.

>> No.27983662

>>27982601
nigger

>> No.27983690

>>27983552
Thats trading on the secondary market not redemption.

Tether is a one-way road. More and more USDT is minted out of thin air but almost none is redeemed and burned.

>> No.27984015
File: 301 KB, 1080x1533, Glgofirj8dcuud2.jpg [View same] [iqdb] [saucenao] [google]
27984015

>>27983690

>> No.27984079

>>27983630
They burned $1b the day before the prints, then the price tanked to $30k, then they did the double prints of 2 x $500m each.

Of course this could be perfectly organic.