[qiqing]

My understanding is that there was a confusing UI where people who intended to sell bitcoin for USD actually selected USDT by default.

And one reason they might hold them is because they can't figure out how to exchange them for USD.

I mean, I'm sure there must be some people who bought USDT when that was their intention, but there are also a bunch who bought it by accident.

[seppel]

But you can easily buy BTC using USDT and then sell the BTC somewhere for real USD. Where are the reports of people stuck with USDT?

[ttul]

Nobody will be stuck with USDT until the Ponzi scheme is finally revealed in the form of an indictment. Until then, investors don’t hesitate to hold a few USDT now and then, because the likelihood of being stuck with them when it all goes to hell is small.

[seppel]

> investors don’t hesitate to hold a few USDT now and then

But it is not "now and then". It is 2.8 billion all the time! Maybe they are hold by different people at different times. Yet, they have to be held somewhere by someone all the time, who think that it is a good idea to have USDT instead of USD or BTC.

[CyberDildonics]

You lose a percentage of what you exchange