Of course HN in it’s infinite wisdom can’t get the causal connection between BTC rising and tether printing right.
Tether is being printed because btc is pumping. They have to print tether to maintain the peg at 1$. If the price keeps rising due to demand for tether they need to print and sell tether.
It does not matter if you can redeem your tethers for dollars because they buy tether when the price goes below 1$ to maintain the peg.
Tether is being printed because btc is pumping. They have to print tether to maintain the peg at 1$. If the price keeps rising due to demand for tether they need to print and sell tether.
It does not matter if you can redeem your tethers for dollars because they buy tether when the price goes below 1$ to maintain the peg.