Title: My two cents on the USDT-conspiracy FUD Post by: Sepia Sundae on November 06, 2017, 10:42:42 AM I hear a lot of FUD about a conspiracy that includes issuing of great amounts of USDT to manipulate the price of BTC. You can find the issuings here: https://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
What I think is the following: - When the price and volume of BTC pumps rapidly, this means there is a lot of trading going on - When you trade BTC there are 3 options:
Ergo: you need to issue extra USDT to be able to accommodate trading One could even argue this is a good thing, because if all the people that are trading via USDT would do it via fiat, there would be a dip in total crypto marketcap, which could lead to FUD with a whole lot of other consequences. Disclaimer: I do not endorse USDT and don't want to say in any way that there is definitely no market manipulation regarding USDT |