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Re:Tether price manipulation by nradov on Friday January 08, 2021 @12:08PM (#25686858)
The crypto killer app is evading China's currency controls. Pay for mining hardware and electricity in renminbi, transfer cryptocurrency to foreign countries, exchange for convertible fiat hard currency (dollars, euros, etc.).
Re:Tether price manipulation by user-the-name on Friday January 08, 2021 @12:27PM (#25687123)
Worth noting that those dollars and euros come from the people buying bitcoins.

And there is no obvious place for further money to come from once they want to cash back out.