cmevidence

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.

cme volume is tiny, can you cite your claim? I have not heard anyone claim that before, given the majority of option volume is on cryptocurrency exchanges which are operating using usdt.

edit: here's the source I'm using to understand cme volume vs binance etc. https://www.theblockcrypto.com/data/crypto-markets/futures/v... which shows binance is the highest volume, which is usdt as seen here: https://www.binance.com/en/futures