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simmerup
on Jan 30, 2024
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Men hand over Bitcoins worth two billion euros to ...
No one. But they don’t need a buyer to create Tether coins.
joncrocks
on Jan 30, 2024
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But if they want to buy Bitcoin with them there needs to be someone on the other side of the transaction.
simmerup
on Jan 30, 2024
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Which is fine, as long as the Tethers aren’t turned into real money their value isn’t realised. They stay in the system and the charade goes on
castalian
on Jan 30, 2024
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The users of USDT are fine with this scheme (at least, they've been so far)
dandanua
on Jan 30, 2024
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It could be pretty much the Germany police, directly or indirectly, since Tether proposes non volatile "currency" easily convertible with Bitcoin.
bluecalm
on Jan 30, 2024
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But the German police wants real money not Tether. There needs to be someone to offer it or BTC/USD will collapse.
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