Re:Bitcoin Sinks to $41,000 Amid ‘Extreme Fear’
by cmevidence on Friday January 07, 2022 @10:06AM
(#29839923)
people don't "invest in" stable coins, but stable coins are used as a fiat equivalent on an exchange: people buy and sell into stable coins (or, more accurately, buy and sell into USDT because Tether is >90% of stable coin volume). As such, if Tether (the organisation) want to pump up the price, they can print lots of tether and use it to buy assets.
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