Casually prints 2400.000.000 USDT in less than a day

>Casually prints 2400.000.000 USDT in less than a day

This thing is gonna crash so fucking hard it's gonna be hilarious to watch

Attached: tetherscam.png (1119x605, 31.92K)

no what will be hilarious is watching boomers like you who have never looked at St. Louid Fed data and think they know everything have to suck dick for a loaf of bread.

It won’t crash. Too big to fail.

A big number on a database doesn't make a market big. Cryptos have no tangible equivalent to enforce its pretended value. If anything, tether's actual mc should be around 1/1000th of what's being announced.

Tether conspiracists are the low-hanging fruit of this space. BRRRRR haha funny meme guys, no way is it people moving in and out of crypto creating a demand for stablecoins

I tend to think that you are actually retarded enough to believe every word you just wrote.

>People with functional brains buying taiwanese controlled digital dollar scam that's backed by nothing but some underpaid chink IT guy who changes a number on a MySQL database by hand

lmao

Those guys will always seek for simple answers.... Believing the tether fud is -382 iq

If USDT was printed in floods out of thin air, what would happen to USDT/USD?

why doesn't tether just print the exact number of circulating usd all at once and be done with it? why in such small chunks?

I also feel USDT is dodgy. But it has been around for quite a while.
And for sure it have value in how it functions. Being able to move in and out of positions, with highest liquidity. It is also successful.
But yeah, don't hold on to it too long.

Who controls the USDT/USD pair metric? Exchanges, and all exchanges are all in Tether, that's why the last USDT audit was in 2018 and it was a complete shitshow. Exchanges are the reason Tether will probably never get audited again.

Tether.to is a taiwanese based company with no physical office that doesn't give a single fuck about anything but pumping the market with no real money. They are probably laundering a lot of drug money too, so there is that.

>Who controls the USDT/USD pair metric? Exchanges,
Ever heard supply and demand? Tether prints USDT because there is DEMAND for it. Big guys (Exchanges, Funds, OTC guys) BUY USDT with REAL USD. - A thing you guys will likely never understand

you ignorant idiots firstly dont get that cmc just isnt able to do the one job it is supposed to do and that you hate on the only finamcial institution that is actually on your side. luckily you ignorant motherfuckers cant fud anything but soon enough you will realize that not another day will go by where you shouldnt apologize and say thank you tetheter

I know you are memeing but sure thing, Chang.

Exactly. Try moving your Euro/USD/etc in and out of crypto and all complience and loopholes. Let alone taxing if you enter/exit into Fiat.
USDT is brilliant invention.

>NOOOO YOU ARE MEMEING OMG THIS CANT BE REAL NOOOO PLEASE BE MEEME
>NOO IM NOT A RETARD PLEASE
>ITS SO SIMPLE DUDE TETHER EXPLAINS EVERYTHING
>SO SIMPLE

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Crypto to crypto is a taxable event you absolute retarded fuck lmao, USDT is technically a type of crypto so you are fucked anyway

Around then there was all the FUD about the DOJ and the pair dropped to .9/1, they stated that their reserves exceed circulating Tether, and market confidence returned. I see no reason to believe there is not in fact an increased demand for USDT right now. USDC has been doing a lot of minting as well and they are based in the USA

BlackRock ready to make a move

Oh you are serious about that whole stupid shit you just wrote

Fucking kek

>Crypto to crypto is a taxable event you absolute retarded fuck lmao, USDT is technically a type of crypto so you are fucked anyway
Not everywhere, burger.

same can be said about you :^)

Nobody is talking about USDC.

from what shithole you can't move out from that taxes you for such shit?

it's a like-asset exchange, which the taxes for are minimal or non-existant, but they still want to know about it.

>not even owning 1 btc
>no cayman island residency
t. poorfag

USDC is minting at a large rate, so it makes sense that USDT is minting at a much larger rate since their market share is larger. USDC is squeaky clean, so there is no reason to assume USDT's recent printing is unbacked IT jannies pumping BTC or whatever

>after Bitcoin becomes global money
"IT'S ALL DOWNHILL FOR BITCOIN HERE ON OUT, TETHER IS GONNA IMPLODE!

I moved to a place where it is not. Who is the retard now, fucko.

You wouldn't believe what kind of drug money the world GDP really has to offer. When tether is absolved the marketcap goes straight onto the Bitcoin blockchain. What does that tell you about the price of Bitcoin to come?

When normies ask I don't really recommend Bitcoin, it's high risk. I do recommend Tether or USDC in celsius.network. It gives better returns than any bank, you can withdraw at any time and the backend is more secure and open than banks. Invest with the pornstar and her jew boss. This shill post was made free of charge.

careful, binance now owns cmc. Guess what happens next