Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: sirty143 on June 16, 2023, 04:24:11 AM

Title: Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Expe
Post by: sirty143 on June 16, 2023, 04:24:11 AM
Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Experience Supply Decline

(https://i.imgur.com/tye2ogbm.jpg)

According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies... See more for yourself here (https://news.bitcoin.com/stablecoin-market-records-2-4b-in-redemptions-in-30-days-as-leading-tokens-experience-supply-decline/).

Your opinion is greatly appreciated.
Title: Re: Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Expe
Post by: damsix on December 28, 2023, 09:06:23 AM
In that year when writing this thread it seemed like OP was feeling anxious due to the decline in USDT or Tether supply.
But when I wrote this thread to reply, this Tether USDT was printed again and the value was so much and you can check below for the txid.

Whale Alert (https://whale-alert.io/transaction/ethereum/0xb050cedf2cb74708dab8183d32e1eb8e9499c499255db77f6729bf75b78f5c66)

To check the TXID on Etherscan, please check the link below.

Etherscan (https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828#tokentxns)

The more USDT tokens are printed, the better it is for the cryptocurrency market because it will increase the price of Bitcoin.
This means that by creating a lot of USDT, that USDT will be bought again throughout the cryptocurrency market and this will definitely make the market for Bitcoin and other Altcoins also rise.
Title: Re: Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Expe
Post by: NikeFit_7777 on December 28, 2023, 04:23:54 PM
Quote from: damsix on December 28, 2023, 09:06:23 AM
In that year when writing this thread it seemed like OP was feeling anxious due to the decline in USDT or Tether supply.
But when I wrote this thread to reply, this Tether USDT was printed again and the value was so much and you can check below for the txid.

Whale Alert (https://whale-alert.io/transaction/ethereum/0xb050cedf2cb74708dab8183d32e1eb8e9499c499255db77f6729bf75b78f5c66)

To check the TXID on Etherscan, please check the link below.

Etherscan (https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828#tokentxns)

The more USDT tokens are printed, the better it is for the cryptocurrency market because it will increase the price of Bitcoin.
This means that by creating a lot of USDT, that USDT will be bought again throughout the cryptocurrency market and this will definitely make the market for Bitcoin and other Altcoins also rise.

Yes, I'm not arguing, when x-amount of usdt +/- is printed, a few days pass and with 100% probability the market rises. But I personally, as a user, am more concerned about whether there will be questions from Sec, to Tether CEO "Paolo Ardoino". 2024 will be the year of stronger regulation. And whether this issue, will affect Tether's campaign.  :)

If anyone is interested, you can read the following:  "Tether CEO Paolo Ardoino summarizes 2023 results".  :o

Article Paolo Ardoino- https://twitter.com/paoloardoino/status/1739707745106894985