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25 FTT prize to the first person who can explain why this is happening well in a single tweet!

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Whale Alert

@whale_alert

Mar 30, 2020

120,000,000 #USDT (120,551,292 USD) minted at Tether Treasury Tx: whale-alert.io/transaction/et

120

SBF

@SBF_FTX

To be clear, I'm not accepting "inventory replenish"; I'm looking for some reason that this isn't surprising.

1:25 PM · Mar 30, 2020Twitter Web App

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Ask your team of quants, not us line drawers

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Lmao. Give this man his 25 Ftt already!

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Because bottom is in

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Creating liquidity collateral for crypto related margin calls? Assuming market is still dominated by overleveraged longs.

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China is going to launch its DCEP in the next few weeks. Backed up by perhaps as much as 500Bio Usd of bond issuance and what the market isnt expecting is that DCEP will be a stable coin and insiders are getting ready.

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Tether has been trading with a premium (I.e.1 tether >>1USD) for quite some time now, I guess someone want to mint tether to buy some cheap btc.

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Tether has moved to a model to replenish amount every time there is demand to avoid perception that they are manipulating market by aligning creations to new inflows

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alternatively, the opportunity cost of holding USDT has dropped because US rates are now 0, so it makes more sense to be sitting in Tether in general, as well as higher USD fx rate from flight to safety

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Keep up with the miner selling pressure!

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BRRRRR