Crypto 360°: "This is weird but IDK why Tether's bank doing this leads to the conclusion that Tether is too. In fact it would be kind of gratuitous. A more likely flow is: 1. Tether mints. 2. Tether buys BTC. 3. Customer buys BTC from them with $/¥. 4. Those become reserves."

Friday, 15 January 2021

"This is weird but IDK why Tether's bank doing this leads to the conclusion that Tether is too. In fact it would be kind of gratuitous. A more likely flow is: 1. Tether mints. 2. Tether buys BTC. 3. Customer buys BTC from them with $/¥. 4. Those become reserves."

"This is weird but IDK why Tether's bank doing this leads to the conclusion that Tether is too. In fact it would be kind of gratuitous. A more likely flow is: 1. Tether mints. 2. Tether buys BTC. 3. Customer buys BTC from them with $/¥. 4. Those become reserves."

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/kxlilg/this_is_weird_but_idk_why_tethers_bank_doing_this/

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