People always refer to Tether 'printing money out of thin air', but they never consider the prospect that investors are wiring money to exchanges, having Tether printed for their use, and then using that USDT to purchase cryptocurrencies.
This isn't an alternative explanation. This is the same explanation.
Investors are printing USDT and using it to buy BTC.
Comments
This isn't an alternative explanation. This is the same explanation.
Investors are printing USDT and using it to buy BTC.
It's different because it would mean there's a USD backing every USDT.