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Bitfinex Anticipates Meritless and Mercenary Lawsuit Based on Bogus Study

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The TL;DR: USDT issuances sometimes come with BTC price increases because people create USDT to buy BTC, nothing shady required to explain that.

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Lots of major exchanges don't have fiat. If you want to buy BTC on e.g. Binance/Huobi/OKEx, you need USDT, not USD.

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So where are people exchanging fiat for usdt at?

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OTC desks and tether.to