USDT is another "cryptocurrency". I put that in quotes as they can print it at their leisure. They claim to be backed by USD but have never been audited. The market cap grows by billions a month.
BTC and USDT is a common trading pair on crypto exchanges.
As a result, those behind USDT can print it and buy BTC to manipulate the price.
Don't get me started on exchanges allowing you to trade with yourself. This field is tainted with shady practices.
BTC and USDT is a common trading pair on crypto exchanges.
As a result, those behind USDT can print it and buy BTC to manipulate the price.
Don't get me started on exchanges allowing you to trade with yourself. This field is tainted with shady practices.