The amount of USDT printed in the last 3 weeks is equal to the amount printed from Jan 2017-Dec 2017. Let that sink in.

Think about it. Within just 3-4 weeks there has apparently been more demand for USDT issuance than pretty much all of 2017. There is more competition in the dollar-peg space, there are more fiat on-ramps where you can buy alts, and crypto is not hot in the media right now and volumes are way down.Yet USDT is pumping another $1B within 3-4 weeks. And that's not $0 -> $1B. That's $1B on top of the already $2B that was out there. Yet the crypto space is not even remotely hot these days and user growth is way down everywhere.

Submitted April 25, 2019 at 08:59AM