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Market Cap (USDT chart + USDC chart) - December 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (September 4, 2020) USDT: 15.831B records USDC: 2.353B records A difference of about 7.5 times was recorded. (today) USDT: 74.291B on record USDC: 39.888B on record About twice as much difference is recorded. This shows that the amount of money that entered the coin market as a USDC stablecoin has increased dramatically. This trend is expected to increase until the US crypto asset regulation policy is established.
CRYPTOCAP:USDT
by readCrypto
SELL USDT BEFORE It gets blacklisted everywhere!!!! NOW!If you're not a crook and have assets in Tether, Move them to ANY coin that's half decent. Bitcoin is the safest, Ether ETH is next. Heck SHIB is even a safer bet!!!!! LOL Seriously! This toxic cryptoscam is getting delisted in Canada. To be a legal, regulated crypto exchange in Canada, you can no longer trade this fake USD. That's a effectively a double fake USD with debasement! Check your crypto trading platform. Is USDT still there? If so, you'r coins are not in custody with a very safe custodian because this appears to be regulated at the World Level. Bitfinex and the crooks can safely stay in the Britsh Virgin Isles. No heat there... LOL
CRYPTOCAP:USDTShort
by UnknownUnicorn2413721
El Salvador BTC adoption storyAuthor Jordan Atkins (Coingeek) 17 June 2021 El Salvador’s move to make BTC legal tender in the country, and will set up a $150 million national trust fund, which will supposedly be used to compensate merchants for the volatility of BTC between accepting payment and depositing it in the bank. This news was received by the BTC community in the same way it receives more or less anything: uncritically, with effusive praise and a complete disinterest in specifics and practicalities. This is unsurprising, but alarming because these specifics and practicalities almost defy belief. Importantly, El Salvador’s currency is the U.S. dollar. Therefore, in order to effect this change, El Salvador partnered with Strike, a mobile app which will supposedly let El Salvadorians living abroad to send money back home, cross-border, for free. Virtually any conversation about currency for El Salvadorian citizens has to start here, because almost a quarter of them live in the United States. Guess how Strike is powered? Using a proprietary version of Blockstream’s Lightning Network. Guess how Strike works? By taking the dollars of the El Salvadorian people wanting to send money back home, using that money to buy BTC, sending those BTC to El Salvador, converting them to Tethers, and then depositing those Tethers into the recipient’s Strike account. It is Tether that El Salvadorian recipients will receive; not any form of Bitcoin. That’s right: while the country’s so-called Bitcoin Law is being celebrated from every corner of the BTC community, it quietly turns out that as with most things in crypto it is Tether, not BTC, that is the real story. We already know that not a single tether has been successfully redeemed, and indeed the tether terms of service explicitly rejects any obligation to accept any such redemption from holders. So if the recipient wants to use what they’ve been sent, they must go to one of the two Bitcoin ATMs currently operating in the country, scan the ATM’s QR code into their Strike app, which will then convert the tethers into BTC and send them to the ATM. The ATM will then dispense the necessary amount in local fiat currency. This sounds ludicrous, but this is exactly the process that Strike founder Jack Mallers described in announcing the app in January. Mallers didn’t describe the scheme as a way to take the valuable fiat of El Salvadorians in exchange for a useless, unbacked token, instead choosing to say that ‘today, the world changes; the fundamentals of value exchange between our species enters a new epoch.’ It’s certainly a new epoch for El Salvador and President Bukele, who can now effectively print money for as long as it takes for El Salvador to realize that their ‘digital dollar’ USDT has even less connection to fiat than BTC does. Author David Gerard has written on the El Salvador Tether scam, both on his own blog and on foreignpolicy.com. As he posits: “Bukele appears to be setting the country up to inject bitcoins into the economy, mark them as ‘dollars’ to make up his deficit, and grab the actual dollars to pay foreign debts.” All that has been achieved in El Salvador’s announcement, then, is that some number of El Salvadorian businesses and citizens have been strapped to the Tether timebomb while being told it’s a rocketship, while those who organized it become fabulously wealthy. The saving grace is that the status quo proposed by President Bukele and the likes of Strike is so ludicrous that it’s almost certain that uptake of BTC will be minimal, although the offering of a so-called ‘alternative’ does open the door to more drastic action down the road: “The tricky part of the bitcoin (BTC) scheme is convincing the Salvadoran public to go along with it, given they often trust U.S. dollars more than they trust the government. Many already see the Bitcoin Law as an attempt to expropriate their dollars—it would be trivial to provide more coercion by raising fees for dollar withdrawals, or restrict the amount that could be withdrawn.”
CRYPTOCAP:USDT
by BizzarTrading
1
Happy (Independence weekend) - Early Logging off for the weekend! I wanted to say, have a great weekend! One question for you - where do you think BTC will be at the close of Sunday (4th of July)??? Up or down? Sideways? What you got? See our signature for more info & related ideas linked below; Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
CRYPTOCAP:USDT
by Mayfair_Ventures
29
Tether scam seems in caution modeHey guys, hope you are doing a good investment Look at this Weekly Tethercap chart The 2 last weeks we got 2 red weekly candles in a row The last weekly candle was closed in August 2020 almost a year ago Recently there are several humors around investigation about Tether INC We all know that usdt is not backed by usd and 1 usd real price is something around 0.13$ It’s seems in the 2 last weeks Tether slowed a bit the printing rhymes because of investigation humors If Tether crash whole crypto market will have a black swang flash crash
CRYPTOCAP:USDT
by BizzarTrading
3
TETHER DAILY VOLUMES CROSSES MARKETCAPTETHER's CRYPTOCAP:USDT daily volume has crossed its market cap (Volume < MarketCap) for the first time since 2018. Removing 2018 data from the equation is the first time this has ever happened since the broad market usage of Tether in the crypto space. I´m quite interested in what will happen next, nothing, crash, rally ?! Notes: I removed 2018 data from the analysis since is quite "choppy" data and assumed 2019 till now since then is more stable.
CRYPTOCAP:USDT
by MA_PT
1