[throwvirtever]

> [I]f there were legitimate buying of BTC with Tether, which is plausible after the ass-whooping USDBTC has taken recently, new Tether would need to be issued to keep the 1:1 peg.

Can you explain in detail why new Tether would need to be issued?

[pezzana]

Increased demand for tether causes the exchange to rise as buyers compete against each other. Same as any other currency market. There's nothing special here. Tether needs to be issued to satisfy the demand and prevent the price of tether from rising against the dollar.

Look, Tether is in all likelihood a scam that will eventually collapse. I'm just saying there are multiple ways to explain what's happening. Those making the claims have the burden of proof. And that proof has been rather thin for my taste.

[qeternity]

It wouldn't. OP doesn't understand.