almost the entire market cap of TetherUS moving in the past 24 hours https://image.nostr.build/b318baf4733354627c147623a634655d65f7960afbe3c955e1782f31cf9bb8cd.png
Where's it going?
Here https://tether.to/en/transparency/?tab=usdt
Thanks, these are huge numbers. What a genius business model. Really mind boggling.
There's just making money for jam. They hold treasury bonds and just cream the interest whilst everyone "uses" their digital coin. The thing is that this just exports US inflation elsewhere if you're holding USDT. Rather do a non-fiat trade, BTC/XMR or some pair that has liquidity.
"The company's recent report of a group net profit of $2.5 Billion in Q3 of 2024 and $7.7 billion over the first nine months of the year" HOLY SHIT nostr:nevent1qvzqqqqqqypzpn0vcvwxm9qxaxnadvqxwsf25esan5cusq6u8lt9cp3sr5w2cwujqythwumn8ghj7un9d3shjtnwdaehgu3wvfskuep0qyfhwumn8ghj7mmxve3ksctfdch8qatz9uqzqfe4jrs8hwkx98437g84wva7yeyyl9cp65acfashmzec480lc9kq9l30q4