Author Topic: What's going on with Tether? (Read 578 times)

pokxon · « **on:** August 22, 2018, 07:14:58 AM »

I see Tether (USDT) is issuing hundreds of millions of dollars a day in the form of escrow. I do not know what their purpose is. But I find that whenever they release more, the price of the BTC will increase.

Altcoins Talks - Cryptocurrency Forum · « **on:** August 22, 2018, 07:14:58 AM »

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cryptofunn · « **Reply #1 on:** August 22, 2018, 11:07:16 AM »

as a rule, after the emergence of new batches of Tether, the price of bitcoin first falls, and then sharply increases

Altcoinstalks User · « **Reply #2 on:** August 22, 2018, 01:13:49 PM »

Quote from: pokxon on August 22, 2018, 07:14:58 AM

I see Tether (USDT) is issuing hundreds of millions of dollars a day in the form of escrow. I do not know what their purpose is. But I find that whenever they release more, the price of the BTC will increase.

Escrowing USDT: This is good if they are escrowing a dollar to a USDT. This increases USD backup. This is bad if they escrow it to other crypto. This decreases USDT/USD.

Quote from: cryptofunn on August 22, 2018, 11:07:16 AM

as a rule, after the emergence of new batches of Tether, the price of bitcoin first falls, and then sharply increases

BTC/USDT would increases in this case but how about BTC/USD.

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Author Topic: What's going on with Tether? (Read 578 times)

pokxon

What's going on with Tether?

Altcoins Talks - Cryptocurrency Forum

What's going on with Tether?

cryptofunn

Re: What's going on with Tether?

Altcoinstalks User

Re: What's going on with Tether?