Paolo Ardoino on Twitter: "That's the beauty of having a super liquid stablecoin. You can go into $USDt or off $USDt anywhere. Also this proves that for a whale that decides to sell $USDt there is one that will buy gladly those $USDt… https://t.co/I0BRfrrGs7"

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That's the beauty of having a super liquid stablecoin. You can go into $USDt or off $USDt anywhere. Also this proves that for a whale that decides to sell $USDt there is one that will buy gladly those $USDthttps://twitter.com/ki_young_ju/status/1447871051862458368 …

Ki Young Ju 주기영 @ki_young_ju

People use $USDT for fiat on-ramps, not for off-ramps. Cumulative issued supply is 7.5x higher than redeemed supply. USDT whales have cashed out by trading other coins on exchanges, not by redeeming. I’m curious why people don’t cash out via Tether. https://twitter.com/crypto/status/1446058304032100357 … pic.twitter.com/CFxe5D4g3O

4:36 AM - 12 Oct 2021

9 Retweets
90 Likes

17 replies 9 retweets 90 likes

1. Michał Szczygieł‏ @szczygielmichal Oct 12
  Replying to @paoloardoino
  
  pic.twitter.com/F9chXicfTL
  
  1 reply 1 like
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1. The Political Party‏ @politicsparty69 Oct 12
  Replying to @paoloardoino
  
  Lol
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1. Ki Young Ju 주기영‏ @ki_young_ju Oct 12
  Replying to @paoloardoino
  
  Thanks for the clarification!
  
  26 likes
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1. Cy Gorman www.nurobodi.com‏ @cygorman Oct 12
  Replying to @paoloardoino
  
  USDT def feels like an oasis amongst some big waves. Somewhere to consolidate, catch your breathe, fix and leaks on the ship and then head back out into the @opensea of #ETH and #layer2 waves. #USDT #ETH #DOT All the way.
  
  3 likes
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1. jacksparrow.rvn 𓄿 ‏ @miner28788 Oct 12
  Replying to @paoloardoino
  
  Any such data on TRC-20 ? #TRX #TRC-20 USDT preferred
  
  2 likes
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1. Candy Randy‏ @R_sim_and Oct 12
  Replying to @paoloardoino
  
  presence of usdt everywhere is maybe the biggest advantage over all other stables
  
  2 likes
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1. Translator Trades‏ @TranslatorTrade Oct 12
  Replying to @paoloardoino
  
  Thicc red line there
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1. IllsionsX‏ @IllsionsX Oct 12
  Replying to @paoloardoino
  
  super liquid stablecoin it's exactly about my fav Tether
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1. Crypto Mike ‏ @CryptoMike__ Oct 12
  Replying to @paoloardoino
  
  Never use tether because of the fees. I know many who use XLM in between exchanges. Also $UST is the only logical option for a truly decentralized stable coin, just needs more exchange presence.
  
  2 likes
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1. nays2mityu‏ @nays2mityu Oct 13
  Replying to @paoloardoino
  
  this is the point, stablecoins are made for ease of handling between cryptos, you can buy and sell anything for USDT without regular currency transaction
  
  1 like
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