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A comment on 66% of all Tether (USDT) have been printed in the last 6 months.

Re:66% of all Tether (USDT) have been printed in the last 6 ... by londons_explore on Sunday February 21, 2021 @11:12AM (#26214513)
Lots of people want to hold bitcoin, because it might be a great investment.

Lots of people want to hold USD, because it has the backing of the world's largest economy.

Nobody wants to hold USDT.

The only use for it is as an in/off ramp for bitcoin (where it is used only briefly). Or as part of a probably-illegal scheme where Tether Inc uses bitcoin as collateral to issue a loan to buy more tethers...

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Re:66% of all Tether (USDT) have been printed in the last 6 ... by PragmaticPulp on Sunday February 21, 2021 @11:25AM (#26214662)
> Nobody wants to hold USDT.

If it exists, it exists in a wallet somewhere.

Presumably the Tether company isn’t creating USDT on the books just to keep it in their balance sheet.

It’s being held somewhere. Exchanges likely have a lot of it.

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Re:66% of all Tether (USDT) have been printed in the last 6 ... by xur17 on Sunday February 21, 2021 @11:40AM (#26214836)
Do you have evidence or is this all conjecture?
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