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/biz/ - Business & Finance

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11402927 No.11402927 [Reply] [Original]

>make a stablecoin backed by usd
>refuse audit
>after it reaches success and goes mainstream print more of it, doesn't matter if you don't have funds to back it, everybody will buy it, what could possibly go wrong here?
>buy btc with the printed (((stablecoin)))
>get moneyz

>> No.11402954

>make a stablecoin backed by usd
>refuse audit
>actually have USD reserves but don't allow the plebs to know
>FUD spreads
>price drops to 99c
>Finex buy $1 for 99c because they know it's backed
>repeat and make literally free money

It's not insider trading and fraud, because it's an unregulated market!

Bitfinex are geniuses.

>> No.11402969

>>11402927
do you understand how hard it was for big players to get money into crypto last year? Tether was created to get around the banking industry who were BLOCKING money from coming in. Now you chinks fud the shit out of tether because you want the market to drop for your shorts. fuck off

>> No.11402997

>>11402954
>>11402969
>be me
>wanted to switch to real stablecoins when tether price went to 0.99
>biz geniuses say it's a fud
>wanted to switch to real stablecoins when tether price went to 0.98
>biz geniuses say it's a fud
>wanted to switch to real stablecoins when tether price went to 0.97
>biz geniuses say it's a fud
how far down will we go?

>> No.11403014

>>11402997
>look at the charts of tether pricing
>ohhhh shieeet this happens often with the SAME loaded fud each time

fuck off faggot

>> No.11403020

Wasnt tether like 92 cents last year?

>> No.11403087

>paying 3% on every dollar when DAI exists
baka

>> No.11403382

>>11403020
During some parts of the Bull run people sold Tether in droves pushing the value of BTC to 19k. Tether FUD was a huge part of that time period too.

>> No.11403436

>>11403382
It is the reason I didn't sell :(. If trueusd was around I'd probably not be rekt now

>> No.11403470

>>11403436
Ultimately, tether is false security anyway right? But most stable coins fluctuate a lot. Hell I have seen SBD drop to 0.88