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28856442 No.28856442 [Reply] [Original]

https://twitter.com/usdcoinprinter/status/1361469115295277057
Is there something I'm not getting? Doesn't this mean that in the end most people will get fucked?

>> No.28856734

>>28856442
Because nobody calls them out for it. There's no way it's backed with anything real.

>> No.28856941

>>28856442
>Is there something I'm not getting?
Yep, like most retards on this board they don't understand that 'USD equivalents' means short term (2-5 year) bonds. Bank account insurance is a meme US treasures are the best hedge against account insurance. Its a very liquid market.

>> No.28857047

What's the deal with USDT? Is it safe to save money if you're a poor thirdworlder with hyperinflation problems in your own currency?

>> No.28857127

>>28857047
If you think the dollar is more stable than your money yes. People have been fudding tether forever and maybe one day it'll collapse but not any time soon.

>> No.28857201

>>28857127
We have 20-30% yearly inflation and buying bitcoin is not worth it for 100USD transactions plus I want something "stable".

>> No.28857207

>>28856442
How about True USD? Shouldn't it be safer to use?

>> No.28857236

>>28857047
Where do you live? I live in argentina and I have to save dollars with crypto, I don't like tether at all. I am saving with DAI

>> No.28857401

>>28856442
>$50,000
release the Tether FUD

>> No.28857567

>>28856734
Neither is the USD.

>> No.28857611
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28857611

>>28857127
>parabolas based on nothing just keep rising forever
even in the most bullish of tether scenarios there's like a week left, tops

>> No.28857634

>>28857047
use USDC or DAI

>usdc is much more trusted
>dai is decentralized (backed by onchain collateral)

>> No.28857714

>>28857611
>it’s collapsing anyday now
he says on the way to work for the 5th year in a row, topkek

>> No.28857783

>>28857567
Difference is USD doesn't even pretend its backed by anything but belief

>> No.28857816

>>28857634
>dai

>> No.28857905

>>28856442
Because when you deposit USD/EUR to an exchange, that exchange sends the USD/EUR to iFinex (owner of Tether), and iFinex prints Tether which they send to the exchange so that you can trade with it.
That's what happens with every single exchange that offers both Tether and fiat deposits.

People who are STILL Tether conspiracy theorists are hands down some of the dumbest people in crypto.

>> No.28858034

>>28857714
post longs

>> No.28858338
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28858338

>> No.28858663
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28858663

>>28858034
Eat shit poorfag

>> No.28858731

>>28857567
USD is backed by the US military

>> No.28859296
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28859296

>>28856442

>> No.28859785

>>28857905
how come tether almost never burns tether then?
It's like a 9999:1 ratio of tether printing to tether burning compare it with USDC.

>> No.28860929

If Tether is a scam, why are all the exchanges using it instead of USDC?

>> No.28861335

>>28856442
how is usd printing ok?

>> No.28861569

>>28860929
If Bernie Madoff's fund is a scam why are so many people investing in it?

>> No.28861899
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28861899

>>28858731

>> No.28861954

Imagine "investing" in an "asset" that's literally designed to chase the USD down in value when inflations blows out its asshole. Lmao

>> No.28862190

>>28857567
does that mean any nation can print USD? I don't think so, chinance is basically printing USD with their shell company tether

>> No.28862413

>>28861335
USD is also a ponzi but the jews, MIC and deep state are backing that.

>> No.28862519
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28862519

>>28858731
>USD is backed by the US military

>> No.28862534

>>28859785
Why does the crypto market cap just keep going up lol

>> No.28862608

>>28862190
Actually offshore banks can sort of create offshore USD. They have a deposit of legit USD that they use as a reserve and create USD loans off that reserve.

>>28862534
brrr

>> No.28862893
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28862893

>>28861899

>> No.28863349

>>28856442
On binance the volumes of USDT to any crypto trump anything else, and hence the spreads are like 10x lower, when compared to trading with other stablecoin or fiat.
Given that, I see no reason for me to switch to anything else, as I would lose lots more on spreads.