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by ur-whale
1986 days ago
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> But who is selling his Bitcoin for Tether in these volumes? Miners need to sell for cash to finance their operations. I suspect there are exchanges where the BTC/USD pair does not exist, only BTC/USDT (Bitmex comes to mind). In which case, if you want to trade in and out of BTC/USD, Thether isyour only choice. I'd love to hear if people can easily withdraw actual USD from semi-shady exchanges such as BitFinex, Binance, etc... [edit]: and I agree with you, I wouldn't buy a USDT even if my life depended on it. |
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