. @bitfinex Paper Borrow is among us!https://twitter.com/bitfinex/status/1362354641846087680 …
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Can you explain this? Or will you be silent again? https://www.desogames.com/proof-that-few-if-any-dollars-back-any-stablecoin-theyre-all-tether/ …
Its called net inflow in every stablecoin. Its cheaper to onramp fiat into crypto through stablecoin creation versus a wire to an exchange directly. This price rise has to come from fiat inflow. Why don't you look at the price of Silvergate Bank stock vs BofA? Telling.
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