Topic: Tether minted more USDT. (Read 350 times)

On 2017, there have been printing of more USDT and that put significance to the price of Bitcoin. This time? maybe there's still is but there are more factors that do affect Bitcoin's price nowadays. As of the moment, it's known that the ETF is really doing the job.
Next, we're leaning towards the halving and that's what's making the correlation of its price so there are a lot of factors that does the job on why we're seeing the price of bitcoin move a lot.

Tether USDT marketcap increases from $73B in March 2023 to more than $100B in March 2024.
https://coinmarketcap.com/currencies/tether/

I found two articles about Tether USDT and correlation with Bitcoin price.
Tether supply and BTC price: are they linked?
Statistical analysis of Bitcoin price manipulation by Tether issuance in late 2017

With Tether minting speed, it looks very fast minting and people have reasons to worry about Tether stable coin peg. However looks like Tether has good report and audit on their treasury but I still feel scary even they have good reports on that.

They continued to mint more USDT recent days.
https://coinmarketcap.com/currencies/tether/

Tether's stable coin USDT surpassed 70% dominance according to DeFiLlama. The stable coin got 25% increase in market share through 2023.

well there are company behind USDT and it seems they are really doing hard to pump those market capitalization of USDT high enough so that it will be biggest stablecoin in existence, i guess bitfinex really think that their USDT is massive success that was why they always kept minting more and more USDT, it can be that they just want to reinvest their money though.
but I always wonder how these companies behind stablecoin make profit like I've seen many of them don't even have fee for utilizing the stablecoin so how company like bitfinex so eager to keep pumping the amount of USDT in the market while it just means that some of their money gonna get locked for long term i still couldn't understand maybe some people can elaborate but overall as many have said, if there's no implication of insufficient reserve for pegging I personally have no problem about USDT keep minting more and more USDT.

Well it did useful actually. You can even bring that using your non custodial wallet and go anywhere without being noticed. Imagine you have a $1million traveling and using stabelcoin usdt as your budget for travel. No one would ever notice it. Thats how efficiency crypto sometimes its quite dangerous too.

I have noticed this movement of the increase in USDT capital, people are preparing to speculate in cryptocurrencies.

There is always great new money entering the market, a sign that the good times of financial abundance will return with a vengeance this year and in 2025

I saw some predictions about USDT depegging too but I am not sure how this is going to happen. I know the SEC doesn't want USDT to operate in their country as they don't want to allow a company outside of the USA to offer USD pegged stablecoin to their customers. But the minting of USDT is good news for the crypto market as it means someone is flowing money into crypto and this money will go mostly to BTC or ETH. A bullish outlook for the overall market. But depegging of USDT will be catastrophic.

The perfect usage of USDT as per my experience is to pay someone for their service and who is sitting in a different country. It was created to help traders and a lot of traders have been using it for its stability since it is pegged to USD. It would be fullish to hold it as its USD value won't go up but will remain stable. What makes it even worse is that Tether can anytime freeze it, which makes it like a financial weapon for the government. I do see so many red flags for using Tether but it is still the most used stablecoin in the crypto ecosystem, which confuses me.

Its not like new headlines but thus has been happening eversince. Most people didnt aware of the unli lint function of tether, its fine as lonh ad thry backed it with real asset however this has been the major issue that needs to address since then cause some says they dont equate their real asset with this minting. Scary enough but using usdt is only good for trading not for holding.

you should care if you have USDT in your wallet. i mean everyone should care about that who have USDT in their wallet. because if they do that without adding more US dollars to their reserves don't be transparent about that. the USDT can loose it's peg to US dollar. and it'll be a disastrous for not only everyone having Tether. but for entire crypto market.
don't you remember what happened with USTC depegged? if USDT get de pagged it would cause a much bigger effect than USTC.

Since January 4, Tether minted $1T USDT and added to USDT circulating supply.
Will they continue to mint more USDT in a next week?

People think when Tether mints more USDT, the market will be pumped?

Will it be the same or different this time?

https://coinmarketcap.com/currencies/tether/

People that spreading tether fud should understand that in case of usdt collapse the whole market will be burned

Usdt had been a competition token since it emergence in the market and now there are so many stable coins we can buy and hold but non of them can be compared to usdt which is the major stable coin in the market. There had been speculations that the Chinese government had ban the use of usdt posing a threat to their economy. Although this might not have a serious effect for now because usdt is the only reliable stable coin in the market for now we can rely on.
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we will figure out in the upcoming days, after all there has been many rumour indeed saying that tether are the one that keep pumping bitcoin.
one thing thats more important though, they should keep disclosing their reserve transparently so that people are not worried that the USDT is just backed by an air as it would cause massive crash if thats the case.
minting USDT is okay as long as they can be transparent about the reserve.
i think that also one of the concern of many people as well so many people are worrying that the USDT might collapse some day and bring disaster to the entire cryptocurrency market.

People think when Tether mints more USDT, the new supply will be used to pump Bitcoin and altcoins.

They just do it again by minting about 0.5T USDT recently. Is this used to pump Bitcoin and altcoins more with upcoming announcement from SEC. for Bitcoin Spot ETFs?
https://coinmarketcap.com/currencies/tether/

The relationship is more than just Tether or USDT being the way for people to buy Bitcoin. There have been suspicions, or perhaps it is even established already, that there is a correlation between Tether minting more USDT and the rise of the price of Bitcoin. This isn't just a recent issue. This has been going on even more than 5 years ago. Tether is said to be manipulating the price of Bitcoin. Even the bull run in 2017 was said to be largely due to Tether printing USDT which was then used to buy Bitcoin.

Although they can argue that there are assets that support printing money , but actually for me it is always more in a state of doubt, because there have been many different speculations (fud). It makes me think about the banking system that prints money and pushes it into the market for many reasons to strengthen and maintain the economy, then it recovers the assets that people have. But anyway these are different issues in terms of scale. The fact that USDT is printed more at this stage I think is understandable, as we are getting closer to a big bull season.

When they didn't and we never know they actually have the reserve that they claim so its always such a gamble to keep your money in the USDT. The emergence of USDT led to a lot of further stable coins later but it was the root of all evil but least it's mostly used for trading purposes and nothing else.

I never thought about the relation between Tether and Bitcoin in that way, but that's seems right. Not only that Tether will use 15% of their profit to buy Bitcoin, but USDT is the gate for people to know about Crypto and Bitcoin, and this will definitely attract more new investors into crypto and Bitcoins. People who are new to Crypto could start by buying USDT because it's more like fiat thus it is more familiar to them.

What's funny and ironic is that while everybody is questioning and even doubting Tether's reserves, some even for years, many are also probably cheering for Tether whenever they mint more USDT because many of these tokens will probably be used to purchase Bitcoin and other altcoins. Tether minting a billion more USDT could be interpreted as a billion more money to buy Bitcoin and altcoins, therefore an increase in their prices.

And since Tether made the announcement that they would regularly buy Bitcoin with their profit, Tether has become a constant source of demand. Tether is now a reliable player pushing Bitcoin's price up.

This is new funding for new super yachts, houses, drugs and 1-day girlfriends. SEC wants to play politics with crypto and act as pesudo-enforcers, yet not one mention of USDT. Or perhaps their internal investigations about Tether will eventually come to light, in the near-future. FTX will be absolutely nothing compared to anything unraveling the true malicious nature behind Tether -- if there is anything. But the reality is, there's not 1 shred of evidence to support any of their backings are real. If a day comes were Tether is cracked down on, we will witness an event unlike anything we've ever witnessed since the inception of Bitcoin.

And if anyone is curious, what Tether does most likely is fraction reserve banking, like every successful bank. Meaning only 10% of USDT is backed by cash, 90% of their money is loaned out/diversified/invested. By law, they only required 10% real backing. The problem is unlike traditional banks, Tether has no one to report to other than the authorities/U.S. They are not a publicly traded company on the stock exchange, they are a private firm. So who knows what regulators behind the scenes know -- if anything at all? FINCEN? SEC? They've all must of looked into this shit by now since it is a very obvious target -- being the largest decentralized (loosely stated) "bank" of crypto.  

This too was a good explanation of the validity of Tether



Also, since the investigations by NYC ended without incident(?) most people put aside the question about USDT and concluded that Tether was safe; based on the conclusions of NY State and obviously their very heavy hand when it comes to regulating financial institutions.




More historical news compiled on Tether in another thread i made a while back:

https://bitcointalksearch.org/topic/m.60209650

Well when we discussed about tether I should invite our best guest for it @NotATether

So tether printing money again is not a new news in fact they mint a lot of it in the past. Of course, people who like Stablecoin would simply say they have audit-proof.

But here is my theory tether buys bitcoin with prints their money out of thin air and then makes the BTC bought for reserve if you don't believe just look at the screenshot and the website.


https://tether.to/en/transparency/#reports

So yeah they have almost 2% or 1.92% in Bitcoin and yeah they can buy more bitcoin by just simply printing and buy Bitcoin with their fake money tho fiat is also based on trust so nothing we can do about it.  

Yo guys do the math how much is 1.92% of the total supply of tether I do believe is still 1.7 Billion USD  

well hopefully they truly have the reserved asset to back it up, their transparent report in regard of their audited reserve should actually help people to make sure that the peg to dollar is reasonable and not just some imaginary value.
as many have stated it might also be a sign that there will be some pump for bitcoin, after all past trend also shown the same thing too, increase in the total supply of USDT also correlate directly to the bitcoin market capitalization and price increase.

honestly though im not surprised that tether minting more and more USDT in the past they've been minting so frequently their market capitalization climb so fast all the way up to the rank 3.
if anyone concerned with the safety of saving wealth in USDT they should care to diversify their stablecoin holding there are plenty of other stablecoin out there thats good for diversification.

Apart from whether or not this is true, we know that there will be some entities that enter and make purchases even though at that time, this indicates that mining USDT as needed, we also often see USDT burn which indicates that there is a withdrawal of $$ from circulation.

When the dollar enters a large number of markets will be very manipulative, maybe anticipation so that the $$ can get the lowest price they want.

Those whale investors can not accumulate billions of dollars from the open market. It will require huge fees so when they want to invest in crypto they give money to stablecoin companies and they print stablecoin for them which eventually goes to bitcoin or eth mostly. It is not like tether can mint USDT as they wanted to. So printing USDT is positive news for the whole crypto industry because those USDT will go to other crypto project eventually. You are right about the future outcome of bitcoin markets, but it is not like clam raising as you have said generally. There will be lots of manipulation and downsides on the way to that rise.

Showing care won't solved any problem, what's important is to share useful information on making quite significant figuree. Bitcoin prices fluctuates, we are all aware and the best decision we can take is purely to stay focused and measure our objectives in the system. Bitcoin is the top project in the market and everyone keen on buying pieces of the coin knowing fully well it will pump once the bull season comes, that's the main reason most of these investors are patiently waiting and not disturbing themselves, Tether minted USDT and today they're stablecoins in the market, with both market cap at balance level.

It is something new, I was not aware of it, if you are right then my theory is, that they are generating printing USDT to make entries in BTC which also means they do have some knowledge or idea that BTC might make big dump like toward $38k maybe and when it will happen they will use these USDTs to make entries. Overall, it is a big win for long terms traders but I am afraid that short-term traders will be liquidated in this mess.

Overall, market was being manipulated too yesterday with that MT Gox's fake payments (AFAIK it was fake) manipulation will be at peak near the 10th Jan as ETFs are going to be accepted and in this whole mess ALTs will bleed either ETFs will be accepted or not.

Stable coins: a deep dive into valuation and depegging.

I deeply searched to learn about Tether USDT and got this interesting research article that is downloadable too.


Depegging in March 2023 and market capitalization, circulating supply changes.

Some more interactive charts on the link and it seems Tether USDT is best than other stable coins in this research.

I never keen on holding my money in stable coin even after reading this research article that seems to say USDT is a best stable coin.

Am not too surprised because many stable coins inorder to gain more customers would develop different ways to gain that favour, and that's what Tether has done with the minting or more USDT than others.
We should also be looking at a company that has good developers to support it's idealogy and stand in the cryptocurrencies market. They have done their research to know how best to secure their position and have seen how standing to favor the U.S market is the best policy firstly, incase one wants to attract more customers offering to use the service for their business transactions.

From what I have gathered from the past, when Tether mints USDT, it means that Bitcoin's market cap is ready to rise and rise again. I don't care what tether does, if there is no violation and no court action regarding it - it's okay. What I care about is only the Bitcoin market cap which continues to rise and has an effect on increasing Bitcoin prices 😉

Nobody cares anymore. I used to be obsessed with tether printing too but now it wouldn't surprise me if they doubled the total tether marketcap in a day. If the authorities are OK with this, why should I care?  BTC still has limited supply no matter what they do. It is the problem for the US if bitfinex is printing counterfeit USD. The FED is doing it all the time, maybe they are using bfinex unofficially to print USD so we won't accuse the FED for printing USD... Finex takes all the blame when USD&USDT goes down to zero. Daym criminals killed USD!!! Quick! Hang Bin Laden.

As expected Tether is following the same pattern as USD has been doing for so many years. This is nothing new for a stablecoin which is pegged to USD, as without minting they won't be able to control inflation. When Tether came into existence it was portrayed as a coin to help traders big or small. Slowly they have now become a stable coin that is more feared and used, with their policy to stoop in front of the US government.

In the coming future, we will be listening to more news about Tether and its objective. Considering the suspicious way it has been working on for the development of its users, it is better to avoid it. Considering the amount that is in circulation it won't be possible to remove Tether from our mind. The situation would get more complex and inaccessible for anyone new who wants a coin that is stable and reliable.

Foe me the reliability has gone out of my hands unless I reason it.

How great it is to have an endless printing press of money out of thin air.

And how is this different from regular central bank money? Nothing in principle. Only the owners are different, the name is different, but in general everything is exactly the same.

Didn't think they'd go shell out one big B, think it's the largest they have done. Makes one wonder what deal they have in place with the US to have satisfied Treasury while not needing transparency with the rest.

Never keen on holding Tether, ironic that Bitcoin's rise benefits a "stable" coin.

It is largely believed that USDT has not been backed by USD 1:1 for many years and they've been printing large amounts of this centralized shitcoin from time to time.

When it is not backed by enough fiat, it makes it extremely risky. But the thing about this particular shitcoin is that it offers a utility that the traders are using a lot which means it will stay at the exchange rate of $1 very easily.

Considering how the shitcoin market's trading volume has been on the rise over the past couple of months (roughly 6x rise) it is not surprising that they decided to increase the liquidity.

https://coinmarketcap.com/charts/ (see the yearly volume chart)

USDT supply is unlimited and Tether has a mint function in smart contract to mint more USDT.

It is not problem if they have backed asset for new minted USDT.

If USDT is not backed by enough money in Tether reserves, the stable coin can lose its peg to US dollar.

They can seize stable coin in your wallet too.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Highly unlikely. No one has been able to prove the tether reserves since it had started being questioned long ago.

USDT and other stablecoins that are not truly backed are among the vulnerabilities that the cryptocurrency and bitcoin market face. The collapse of USDT could result in not only serious volatility, though a large undermining in the confidence of other cryptocurrencies like Bitcoin.

I do wonder and worry about whether or not this wrong will soon be made right, or, if Tether's backing company will go ahead and prove reserves (maybe they will as Bitcoin continues to grow, and Bitcoin will be used as one of the main underlying assets, considering its growth and evolution into a commodity?)


Supposedly, low-risk bonds and cash are among some of the backing assets. However, it's never been proven that the supply is 100% backed by these assets or any other assets/commodities.

Is it their real money that's backing up their supply in the first place? This is a question that many have been asking over the years. They said USDT and other stable coins are backed up by the real United States dollar, but the question is, are they really backed up or are they just some random figures they claim?
 
There is no source (unless I have come across any) that one can use to verify the authenticity of their claim; the USDT supply is unlimited, so they will just continue minting as many as they want till infinity.

Tether minted 1B $UDST again.



See it on Coinmarketcap, choose Marketcap tab, than Price.
https://coinmarketcap.com/currencies/tether/

Did Tether add more money into their Treasury before minting those USDT?

Their latest report was 6 months ago.

Tether Excess Reserves Q2 2023
Independent auditor's report on the consolidated reserves report.

Stable coins: a deep dive into valuation and depegging.

I deeply searched to learn about Tether USDT and got this interesting research article that is downloadable too.


Depegging in March 2023 and market capitalization, circulating supply changes.

Some more interactive charts on the link and it seems Tether USDT is best than other stable coins in this research.

I never keen on holding my money in stable coin even after reading this research article that seems to say USDT is a best stable coin.




Some topics on Tether stable coin.

Tether (USDT) - Backed by Air and Words
https://tether.to/en/transparency/#reports
Independent Auditors' Report on the Consolidated Reserves Report (September 2023)