USDC prints $4 billion tokens. Bitcoin prices unchanged/down. Tether injects ~2 billion in fake funny money, Bitcoin goes up $15,000. Yeah I’m sure it’s not tether pumping everything. People love sending money to people Bloomberg reported are under investigation for bank fraud.
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To be fair, Paolo does make it clear that these big issuances are authorised but not issued Tethers - the real "print" is when the $100m blocks are sent to FTX / Binance (as he seems to confirm in this tweet)https://twitter.com/paoloardoino/status/1424491540580388865?s=19 …
Thank you. I try to comment to every post to make sure people understand what is what.
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Np. So is this an example of an issuance? Part of the $400m in the last few days that you mentioned?https://twitter.com/whale_alert/status/1424418102780043271?s=20 …
100,000,000 #USDT (100,000,000 USD) transferred from Tether Treasury to#FTX https://whale-alert.io/transaction/tron/7ff6281a15ed4cfce826cc48fd3aca57ff7748ae0e26d3c87dc73d99b30222fd … -
That's correct.
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