Tether minted more USDT.

[Catenaccio]

Tether minted 1B $UDST again.

The TetherTreasury minted 1B $USDT again 30 mins ago!

And has minted a total of 8B $USDT on Ethereum and Tron in the past 3 months.

See it on Coinmarketcap, choose Marketcap tab, than Price.
https://coinmarketcap.com/currencies/tether/

Did Tether add more money into their Treasury before minting those USDT?

Their latest report was 6 months ago.

Tether Excess Reserves Q2 2023
Independent auditor's report on the consolidated reserves report.

Stable coins: a deep dive into valuation and depegging.

I deeply searched to learn about Tether USDT and got this interesting research article that is downloadable too.

– Tether (USDT): USDT is the largest stablecoin by market capitalization ($83 billion) and is pegged to the US dollar. It is a centralized, real-world assets (RWA) collateralized stablecoin, meaning that each token is backed by $1 in reserve assets (which include cash and cash equivalents, US Treasuries, money market funds, bitcoin, gold and other financial assets).

Depegging in March 2023 and market capitalization, circulating supply changes.

Some more interactive charts on the link and it seems Tether USDT is best than other stable coins in this research.

I never keen on holding my money in stable coin even after reading this research article that seems to say USDT is a best stable coin.




Some topics on Tether stable coin.

Tether (USDT) - Backed by Air and Words
https://tether.to/en/transparency/#reports
Independent Auditors' Report on the Consolidated Reserves Report (September 2023)

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[Hazink]

Did Tether add more money into their Treasury before minting those USDT?

Is it their real money that's backing up their supply in the first place? This is a question that many have been asking over the years. They said USDT and other stable coins are backed up by the real United States dollar, but the question is, are they really backed up or are they just some random figures they claim?
 
There is no source (unless I have come across any) that one can use to verify the authenticity of their claim; the USDT supply is unlimited, so they will just continue minting as many as they want till infinity.

[BenCodie]

Did Tether add more money into their Treasury before minting those USDT?

Highly unlikely. No one has been able to prove the tether reserves since it had started being questioned long ago.

USDT and other stablecoins that are not truly backed are among the vulnerabilities that the cryptocurrency and bitcoin market face. The collapse of USDT could result in not only serious volatility, though a large undermining in the confidence of other cryptocurrencies like Bitcoin.

I do wonder and worry about whether or not this wrong will soon be made right, or, if Tether's backing company will go ahead and prove reserves (maybe they will as Bitcoin continues to grow, and Bitcoin will be used as one of the main underlying assets, considering its growth and evolution into a commodity?)

Did Tether add more money into their Treasury before minting those USDT?

Is it their real money that's backing up their supply in the first place? This is a question that many have been asking over the years. They said USDT and other stable coins are backed up by the real United States dollar, but the question is, are they really backed up or are they just some random figures they claim?
 
There is no source (unless I have come across any) that one can use to verify the authenticity of their claim; the USDT supply is unlimited, so they will just continue minting as many as they want till infinity.

Supposedly, low-risk bonds and cash are among some of the backing assets. However, it's never been proven that the supply is 100% backed by these assets or any other assets/commodities.

[Catenaccio]

the USDT supply is unlimited, so they will just continue minting as many as they want till infinity.

USDT supply is unlimited and Tether has a mint function in smart contract to mint more USDT.

It is not problem if they have backed asset for new minted USDT.

Highly unlikely. No one has been able to prove the tether reserves since it had started being questioned long ago.

USDT and other stablecoins that are not truly backed are among the vulnerabilities that the cryptocurrency and bitcoin market face. The collapse of USDT could result in not only serious volatility, though a large undermining in the confidence of other cryptocurrencies like Bitcoin.

I do wonder and worry about whether or not this wrong will soon be made right, or, if Tether's backing company will go ahead and prove reserves (maybe they will as Bitcoin continues to grow, and Bitcoin will be used as one of the main underlying assets, considering its growth and evolution into a commodity?)

If USDT is not backed by enough money in Tether reserves, the stable coin can lose its peg to US dollar.

They can seize stable coin in your wallet too.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

[pooya87]

Did Tether add more money into their Treasury before minting those USDT?

It is largely believed that USDT has not been backed by USD 1:1 for many years and they've been printing large amounts of this centralized shitcoin from time to time.

If USDT is not backed by enough money in Tether reserves, the stable coin can lose its peg to US dollar.

When it is not backed by enough fiat, it makes it extremely risky. But the thing about this particular shitcoin is that it offers a utility that the traders are using a lot which means it will stay at the exchange rate of $1 very easily.

Considering how the shitcoin market's trading volume has been on the rise over the past couple of months (roughly 6x rise) it is not surprising that they decided to increase the liquidity.

https://coinmarketcap.com/charts/ (see the yearly volume chart)

[buwaytress]

Didn't think they'd go shell out one big B, think it's the largest they have done. Makes one wonder what deal they have in place with the US to have satisfied Treasury while not needing transparency with the rest.

Never keen on holding Tether, ironic that Bitcoin's rise benefits a "stable" coin.

[m2017]

Tether minted 1B $UDST again.

The TetherTreasury minted 1B $USDT again 30 mins ago!

And has minted a total of 8B $USDT on Ethereum and Tron in the past 3 months.

How great it is to have an endless printing press of money out of thin air.

And how is this different from regular central bank money? Nothing in principle. Only the owners are different, the name is different, but in general everything is exactly the same.

[pakhitheboss]

As expected Tether is following the same pattern as USD has been doing for so many years. This is nothing new for a stablecoin which is pegged to USD, as without minting they won't be able to control inflation. When Tether came into existence it was portrayed as a coin to help traders big or small. Slowly they have now become a stable coin that is more feared and used, with their policy to stoop in front of the US government.

In the coming future, we will be listening to more news about Tether and its objective. Considering the suspicious way it has been working on for the development of its users, it is better to avoid it. Considering the amount that is in circulation it won't be possible to remove Tether from our mind. The situation would get more complex and inaccessible for anyone new who wants a coin that is stable and reliable.

Foe me the reliability has gone out of my hands unless I reason it.

[mindrust]

Nobody cares anymore. I used to be obsessed with tether printing too but now it wouldn't surprise me if they doubled the total tether marketcap in a day. If the authorities are OK with this, why should I care?  BTC still has limited supply no matter what they do. It is the problem for the US if bitfinex is printing counterfeit USD. The FED is doing it all the time, maybe they are using bfinex unofficially to print USD so we won't accuse the FED for printing USD... Finex takes all the blame when USD&USDT goes down to zero. Daym criminals killed USD!!! Quick! Hang Bin Laden.

[lombok]

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

[Bananington]

Am not too surprised because many stable coins inorder to gain more customers would develop different ways to gain that favour, and that's what Tether has done with the minting or more USDT than others.
We should also be looking at a company that has good developers to support it's idealogy and stand in the cryptocurrencies market. They have done their research to know how best to secure their position and have seen how standing to favor the U.S market is the best policy firstly, incase one wants to attract more customers offering to use the service for their business transactions.

[Catenaccio]

Stable coins: a deep dive into valuation and depegging.

I deeply searched to learn about Tether USDT and got this interesting research article that is downloadable too.

– Tether (USDT): USDT is the largest stablecoin by market capitalization ($83 billion) and is pegged to the US dollar. It is a centralized, real-world assets (RWA) collateralized stablecoin, meaning that each token is backed by $1 in reserve assets (which include cash and cash equivalents, US Treasuries, money market funds, bitcoin, gold and other financial assets).

Depegging in March 2023 and market capitalization, circulating supply changes.

Some more interactive charts on the link and it seems Tether USDT is best than other stable coins in this research.

I never keen on holding my money in stable coin even after reading this research article that seems to say USDT is a best stable coin.

[Faisal2202]

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

It is something new, I was not aware of it, if you are right then my theory is, that they are generating printing USDT to make entries in BTC which also means they do have some knowledge or idea that BTC might make big dump like toward $38k maybe and when it will happen they will use these USDTs to make entries. Overall, it is a big win for long terms traders but I am afraid that short-term traders will be liquidated in this mess.

Overall, market was being manipulated too yesterday with that MT Gox's fake payments (AFAIK it was fake) manipulation will be at peak near the 10th Jan as ETFs are going to be accepted and in this whole mess ALTs will bleed either ETFs will be accepted or not.

[Belarge]

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

Showing care won't solved any problem, what's important is to share useful information on making quite significant figuree. Bitcoin prices fluctuates, we are all aware and the best decision we can take is purely to stay focused and measure our objectives in the system. Bitcoin is the top project in the market and everyone keen on buying pieces of the coin knowing fully well it will pump once the bull season comes, that's the main reason most of these investors are patiently waiting and not disturbing themselves, Tether minted USDT and today they're stablecoins in the market, with both market cap at balance level.

[Sophokles]

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

Showing care won't solved any problem, what's important is to share useful information on making quite significant figuree. Bitcoin prices fluctuates, we are all aware and the best decision we can take is purely to stay focused and measure our objectives in the system. Bitcoin is the top project in the market and everyone keen on buying pieces of the coin knowing fully well it will pump once the bull season comes, that's the main reason most of these investors are patiently waiting and not disturbing themselves, Tether minted USDT and today they're stablecoins in the market, with both market cap at balance level.

Those whale investors can not accumulate billions of dollars from the open market. It will require huge fees so when they want to invest in crypto they give money to stablecoin companies and they print stablecoin for them which eventually goes to bitcoin or eth mostly. It is not like tether can mint USDT as they wanted to. So printing USDT is positive news for the whole crypto industry because those USDT will go to other crypto project eventually. You are right about the future outcome of bitcoin markets, but it is not like clam raising as you have said generally. There will be lots of manipulation and downsides on the way to that rise.

[lombok]

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

It is something new, I was not aware of it, if you are right then my theory is, that they are generating printing USDT to make entries in BTC which also means they do have some knowledge or idea that BTC might make big dump like toward $38k maybe and when it will happen they will use these USDTs to make entries. Overall, it is a big win for long terms traders but I am afraid that short-term traders will be liquidated in this mess.

Overall, market was being manipulated too yesterday with that MT Gox's fake payments (AFAIK it was fake) manipulation will be at peak near the 10th Jan as ETFs are going to be accepted and in this whole mess ALTs will bleed either ETFs will be accepted or not.

Apart from whether or not this is true, we know that there will be some entities that enter and make purchases even though at that time, this indicates that mining USDT as needed, we also often see USDT burn which indicates that there is a withdrawal of $$ from circulation.

When the dollar enters a large number of markets will be very manipulative, maybe anticipation so that the $$ can get the lowest price they want.

[poodle63]

well hopefully they truly have the reserved asset to back it up, their transparent report in regard of their audited reserve should actually help people to make sure that the peg to dollar is reasonable and not just some imaginary value.
as many have stated it might also be a sign that there will be some pump for bitcoin, after all past trend also shown the same thing too, increase in the total supply of USDT also correlate directly to the bitcoin market capitalization and price increase.

honestly though im not surprised that tether minting more and more USDT in the past they've been minting so frequently their market capitalization climb so fast all the way up to the rank 3.
if anyone concerned with the safety of saving wealth in USDT they should care to diversify their stablecoin holding there are plenty of other stablecoin out there thats good for diversification.

[dansus021]

Well when we discussed about tether I should invite our best guest for it @NotATether

So tether printing money again is not a new news in fact they mint a lot of it in the past. Of course, people who like Stablecoin would simply say they have audit-proof.

But here is my theory tether buys bitcoin with prints their money out of thin air and then makes the BTC bought for reserve if you don't believe just look at the screenshot and the website.


https://tether.to/en/transparency/#reports

So yeah they have almost 2% or 1.92% in Bitcoin and yeah they can buy more bitcoin by just simply printing and buy Bitcoin with their fake money tho fiat is also based on trust so nothing we can do about it.  

Yo guys do the math how much is 1.92% of the total supply of tether I do believe is still 1.7 Billion USD  

[tk808]

This is new funding for new super yachts, houses, drugs and 1-day girlfriends. SEC wants to play politics with crypto and act as pesudo-enforcers, yet not one mention of USDT. Or perhaps their internal investigations about Tether will eventually come to light, in the near-future. FTX will be absolutely nothing compared to anything unraveling the true malicious nature behind Tether -- if there is anything. But the reality is, there's not 1 shred of evidence to support any of their backings are real. If a day comes were Tether is cracked down on, we will witness an event unlike anything we've ever witnessed since the inception of Bitcoin.

And if anyone is curious, what Tether does most likely is fraction reserve banking, like every successful bank. Meaning only 10% of USDT is backed by cash, 90% of their money is loaned out/diversified/invested. By law, they only required 10% real backing. The problem is unlike traditional banks, Tether has no one to report to other than the authorities/U.S. They are not a publicly traded company on the stock exchange, they are a private firm. So who knows what regulators behind the scenes know -- if anything at all? FINCEN? SEC? They've all must of looked into this shit by now since it is a very obvious target -- being the largest decentralized (loosely stated) "bank" of crypto.  

This too was a good explanation of the validity of Tether

Those whale investors can not accumulate billions of dollars from the open market. It will require huge fees so when they want to invest in crypto they give money to stablecoin companies and they print stablecoin for them which eventually goes to bitcoin or eth mostly. It is not like tether can mint USDT as they wanted to. So printing USDT is positive news for the whole crypto industry because those USDT will go to other crypto project eventually. You are right about the future outcome of bitcoin markets, but it is not like clam raising as you have said generally. There will be lots of manipulation and downsides on the way to that rise.

Also, since the investigations by NYC ended without incident(?) most people put aside the question about USDT and concluded that Tether was safe; based on the conclusions of NY State and obviously their very heavy hand when it comes to regulating financial institutions.




More historical news compiled on Tether in another thread i made a while back:

https://bitcointalk.org/index.php?topic=5399926.msg60209650#msg60209650

[Fundamentals Of]

What's funny and ironic is that while everybody is questioning and even doubting Tether's reserves, some even for years, many are also probably cheering for Tether whenever they mint more USDT because many of these tokens will probably be used to purchase Bitcoin and other altcoins. Tether minting a billion more USDT could be interpreted as a billion more money to buy Bitcoin and altcoins, therefore an increase in their prices.

And since Tether made the announcement that they would regularly buy Bitcoin with their profit, Tether has become a constant source of demand. Tether is now a reliable player pushing Bitcoin's price up.