Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: SRShanuka2020 on May 28, 2020, 01:46:52 PM

Title: Bitfinex Is Constantly Printing More Tether, None Of It Has Ever Been Burned
Post by: SRShanuka2020 on May 28, 2020, 01:46:52 PM

Bitfinex Is Constantly Printing More Tether, None Of It Has Ever Been Burned

(https://i.imgur.com/M6gksoB.png)

A report indicates that no Ethereum-based Tethers have ever been burned, though new ones are constantly being printed.
A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges.

Visit For More info: Here (https://cointelegraph.com/news/bitfinex-is-constantly-printing-more-tether-none-of-it-has-ever-been-burned)

Title: Re: Bitfinex Is Constantly Printing More Tether, None Of It Has Ever Been Burned
Post by: kent47400 on May 29, 2020, 08:41:20 AM

If printed, it is better for cryptocurrency because it proves that the market will get higher and higher, especially with coins that are stable and can certainly be an option when cryptocurrency or altcoins are red.
Then if Tether aka stable coin is burned it will lose circulation Tether and this does not seem to have an effect on stable coin prices, in contrast to coins that are unstable if burned then the price will rise because of the small supply.