News for hackers. Stuff that matters.

A comment on 55% of all Tether, $25B, were created in 2021. Parent comment

Re:55% of all Tether, $25B, were created in 2021 by shkkmo on Saturday April 17, 2021 @09:06AM (#26843956)
That chart shows the federal reserve assets, not the total supply of dollars. It's a pretty interesting chart, but it doesn't support the statistic you quoted.
[ Parent | on HN ]
Re:55% of all Tether, $25B, were created in 2021 by zoshi on Saturday April 17, 2021 @09:22AM (#26844057)
The chart for M1 (currency, demand deposits, and other liquid deposits) looks similar: https://fred.stlouisfed.org/series/M1

That's about 30% of all US money supply created in 2020.

[ Parent | on HN ]
Re:55% of all Tether, $25B, were created in 2021 by shkkmo on Sunday April 18, 2021 @07:23PM (#26857513)
I'm sorry, I don't have enough information on what those statistics mean. I'm not sure what that chart measures, but it shows a 4x increase in early 2020 which leads me to think it isn't saying what you think it's saying. While I don't doubt it relates to how the Fed manages the money supply, it doesn't say what you want it to say.

If you are going to sell this point, you need a source that undstands and can break down the subject matter to explain what these charts are measuring and how that relates to the supply of US currency.

[ Parent | on HN ]
Re:55% of all Tether, $25B, were created in 2021 by TicklishTiger on Saturday April 17, 2021 @02:55PM (#26846519)
The Fed is the only source of Dollars. Banks only produce IOUs.
[ Parent | on HN ]