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by jqpabc123
1866 days ago
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...or that USDT:USD has never been priced based on fundamentals. It's simple and easy to do this when one entity has control of both the currency minting and the market pricing mechanism. In other words, USDT would be an ideal mechanism for perpetrating widespread fraud in the crypto marketplace, one that would likely never be tolerated in "regulated" markets. Note that USDT is underpinning the entire crypto marketplace --- the majority of bitcoin and other crypto trades involve USDT. |
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