USDT issued an additional 1 billion in half a month, making it too easy for Tether, which makes exchanges feel inferior
At around 6 pm on March 12th, Bitcoin plunged from 7300$ to 6100$. The big investors and miners who held the cash in their hands panicked. Adhering to the principle that the moon does not sleep and I do not sleep, they tossed and turned all night without sleep. Finally, they ushered in the dawn, but not the dawn.
After the dark dawn, with the first ray of sunlight in the morning, Bitcoin, like a brother who just woke up from the upper bunk, turned over and slammed directly to the ground, lying motionless on the ground.
At 7:00 am on March 13th, the lowest bitcoin price was 3,800$. The "warriors" who got up early and caught up with the evening set didn't know what mood they were in at this time. Why didn’t I mention the big guys who do contracts before, because in my eyes, there are only two types of people in the currency circle, one is not playing contracts, and the other is liquidation, so I generally don’t have the heart to mention these Big brother's, because they are the real "martyrs".
Closer to home, please see the picture below. From the bottom, we can see that at 11:45:01 pm on March 13, Tether issued 60 million USDT on the Ethereum chain, as if waving to the leeks and saying: "Come on, come and buy the bottom! "
It may be that the leeks are too enthusiastic. More than 2 hours later, USDT was issued an additional 55 million USDT on the wave field chain. It will be uncomfortable if you don't increase your hair. From March 13th to March 25th in the picture, TEDA issued a total of 938 million additional USDT.
Although TEDA has always claimed that there will be a US dollar reserve for issuing 1USDT, apart from the fact that TEDA is a private company whose credit is difficult to guarantee, due to the recent US stock market meltdown, the US dollar has risen sharply, and the Bitcoin market has fluctuated. Will TEDA take advantage of the fire? Spam, no one knows the truth.
In the face of practical issues, true and false are not so important. Through this epidemic, we have seen clearly the faces of many Western countries. The Federal Reserve has begun to supply U.S. dollars in unlimited quantities. Who cares whether a private company is spamming USDT?
Before the hegemony of the US dollar is overthrown, no country can escape the fate of being cut leeks, so it still pays more attention to its own development, and looks forward to the official issuance of the central bank's digital currency, so that it will no longer be stuck by the US dollar.
In fact, the national strength behind the currency is the only factor that dominates the country's international status. Before it becomes the largest power, it can only hide its strength and bide its time, and constantly strengthen its soft and hard power.
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