I would like to raise a very strong point about
Tether Backed by 1:1 over here
https://pasteboard.co/HVbcwS2.jpgthe above image displays that it has Total supply of 2,580,062,243 USDT
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https://pasteboard.co/HVbcIL5.jpgthe above image displays it has a volume of $3,752,040,845 USD as of 6th january
now how is this even possible the one which is backed with 1:1 to have value over 3.7 Billion for 2.5 billion token
because if you multiple 1.02 X 2,580,062,243 its = 2631663487.86
but over here we have $3,752,040,845 USDT
another point is on 21st december tether had 24 volume of over 6.8 billion
now the token are either disappearing from 6.8 billion tokens if its backed with 1:1 so the total supply remains 2,580,062,243 USDT to this date
How is this possible what is happening here
i really feel
goverment should remove tether and stable coins cuz nobody understands or knows how much its being printed.. as its not being regulated.
https://wallet.tether.to/richlist these wallets does not represent to whom tether tokens are been given
the volume dont match the marketcap this needs to be exposed.
I feel
tether has a wallet and the creator has been manipulating with unlimited tether tokens that's the only reason we cannot see the tether actual usage and volume.A group of people controlling tether are easily able to manipuate with 10 to multiple billion of USDT.
If the volume of bitcoin when its green can raise upto 10 to 15 billion in a day where are these volumes coming from when There is no volume showing to the marketcap to pump 10 to 15 billion plus in a day is impossible because tether marketcap itself is around 2.5 billion.
This is really
serious i feel someone could check tether out..