(1)
Why, after every minting operation, is a large print of #usdt or FDUSD?
Market goes up?
How can we benefit from printing these huge quantities?
In this article, we will learn why and how this process occurs and how you can exploit it for profit
Minting or printing = minting
This means: printing new stable currencies such as USDT or FDUSD and others, and their value must be linked to the US dollar.
America prints the dollar and uses it. Likewise, in the world of digital currencies, Tether company prints USDT for people to use
The printing or minting process is as follows:
When a financial institution or entity needs USDTS, they contact Tether and they agree on the amount
The corporation then transfers the US dollar to Tether’s bank account and serves as a reserve for the amount that will be printed.
So USDTS have real value
Here are several reasons why Tether prints USDTS every once in a while
Of which :
The demand increases, the more demand the company must print
Printing across multiple networks. It is very necessary for USDTS to be available on all networks in order for transfers and the buying and selling process to be smooth. This is why we sometimes see Tether printing $1B billion dollars or less on the Ethereum and Tron networks.
Liquidity Supply: Usdt is also printed to be available to avoid sudden price fluctuations
To be continued...in another post. Follow us to receive all new updates