100,000,000 #USDT (100,146,862 USD) minted at Tether Treasury
This is a chart showing big amounts of minted Tether since 1st of May. All of them (except the two thicker lines) are 80M - 120M and the thicker lines are 200M minted Tether.
Can anyone make any sence of this? Of course, tethers can be printed for both long and short and they could be used not only for BTC. Crypto twitter is giving Tether mints a big importance, but why does this matter at all? What do you think? Are tether mints resembling new cash flow, coming from new fiat investments or are does it come from taking profits/closing positions and switching to Tether to avoid volatility and losses? ALL COMMENTS ARE WELCOME
Can anyone make any sence of this? Of course, tethers can be printed for both long and short and they could be used not only for BTC. Crypto twitter is giving Tether mints a big importance, but why does this matter at all? What do you think? Are tether mints resembling new cash flow, coming from new fiat investments or are does it come from taking profits/closing positions and switching to Tether to avoid volatility and losses? ALL COMMENTS ARE WELCOME