Hacker News new | ask | show | jobs
by spiffydave 1773 days ago
There's so much money coming into crypto and multiple studies have looked at money coming into Tether and the effect on Bitcoin price and it's negligible.

Plus, money has been coming out of Tether and into other stablecoins and what is happening with Bitcoin's price? Yeah, up.
1 comments
paulgb 1773 days ago
Tether’s market cap is nearly at an all time high after roughly tripling in 2021 alone. What else should I be looking for as evidence of money coming out of Tether?

Which studies are you referring to?

https://coinmarketcap.com/currencies/tether/

link
spiffydave 1773 days ago
I'm referring to the comparison between Tether and USDC. Recently Tether has been flat and USDC is growing. Tether is obviously still #1 and not something I would hold as it does appear shady.

https://www.coindesk.com/whats-going-on-with-tether

https://voxeu.org/article/stable-coins-dont-inflate-crypto-m...

https://www.sciencedirect.com/science/article/abs/pii/S01651...

link