Is the stablecoin stable, and how long can the trust of the issuer be maintained?

Judging from the data on the chain, since 2020 (March 12), Tether has printed a total of 947,008,005.642 USDT, destroyed a total of 622,155,590.517 USDT, and printed a total of 324,852,415.125 USDT (over 300 million USDT). And just now (19:30 on March 12), the cryptocurrency market plunged again, and the price of USDT on Huobi’s fiat currency trading channel reached 8CNY, with a premium of 14.29%. And Tether kept printing money before that, which really needs more attention than ever.

The following shows some USDT money printing records (data source Tokenview.com).

We have seen that before halfway through March, 6 new banknotes have been printed this month, with a total of 443 million USDT. Although USDT is still the most popular stable currency, there is no evidence to prove whether Tether will deposit the equivalent amount of U.S. dollars in the bank every time it is issued, because this commitment is not guaranteed by any third-party organization, and Tether has not disclosed its details. Reserve funds and cash flow in and out. If Tether is really over-issued, the day when it is pierced is likely to trigger a large-scale run or sell-off, and the consequences are unimaginable.

Now the printing, issuance, and destruction of stablecoins have attracted more attention. At present, the Tokenview stablecoin browser has newly launched the USDT freezing and unfreezing situation, which makes Tether's various operations on USDT more clearly and transparently displayed in front of everyone. . On the other hand, with the recent fire of DeFi, the trading volume of Ethereum DEX also broke new highs in February, and some decentralized financial projects have increased the trading volume of decentralized exchanges. In addition to USDT, the stablecoin browser can also monitor the printing and destruction of USDC, sUSD, TUSD, PAX, GUSD and other stablecoins issued on Ethereum. It is worth noting that Tether officially announced on March 10 that it will integrate the DeFi reception agreement Aave, which allows users to quickly obtain unsecured loans without risk. The addition of Tether means that more funds will flow into the cryptocurrency market, especially The DeFi market, which also shows Tether's intention to do a lot in the DeFi field.

Whether the stable currency is stable or how long the trust of the issuer can be maintained, there is no answer yet. You can always pay attention to the printing, issuance, and destruction of these stable coins. Knowing these first, it may increase your confidence. .

Stable currency browser entry:https://stablecoin.tokenview.com/cn