ELI 5: What is to prevent Bitfinex/Tether from printing as much Tether as they want and buying as much BTC as they want with it?

Since the news, they've "minted" hundreds of millions of tether. Not only the 300 million Tether, but the 100 million on the Tron blockchain. Can this 400 million tether not just be used immediately by them to buy $400 million worth of BTC????

Submitted April 27, 2019 at 01:47AM

1 comment:

  1. muzammilSeptember 28, 2019 at 2:39 AM

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