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Author Topic: USDT(Tether) Circulation  (Read 112 times)
Banadony (OP)
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March 19, 2020, 03:00:31 PM
 #1

Recently, The Major developed countries in the world has decided to print money to support their citizens to curb the current pandemic affecting economics. i believe that this money is been distributed either to business or the individuals to sort out their financial issue.
In crypto, the USDT treasury department has Just printed out another 60 millions dollars in crypto. Please can someone tell  me how this money will be distributed to the crypto community or it will go back to the same pockets that printed it out.

https://beincrypto.com/bitcoin-rallies-as-tether-prints-another-60m-usdt-for-the-second-day-in-a-row/

it looks like we are facing the same issues that the fiat economy is facing. i though crypto is decentralized. Answers please
BayAngelo
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March 28, 2020, 05:07:45 PM
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The world at large is facing a serious health challenge. A deadly virus is tormenting mankind. it might get to the point where nothing matters expect survival. i think every financial sector is striving to save humanity. Governments has been distributing relief funds to support their own in other to survive which is what matters the most. we can talk about financial control when everything settled.

noorman0
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March 29, 2020, 11:11:00 AM
 #3

Please can someone tell  me how this money will be distributed to the crypto community or it will go back to the same pockets that printed it out.

Tether will distribute tokens on its own site (where exchanging with some fiat is available) or through partner exchanges.
The problem is resolved.

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