You trade your currency for USDT so that you can do the BTC/USDT trade, however each time you trade your currency for USDT, Tether has an obligation to buy US Treasury bonds to cover the swap.
Thus when you trade your fiat in for USDT you're ultimately just buying a T bond digitized and take that inflation on board.
S!ayer
npub1eh…3mz4s
2024-12-09 00:25:52
Author Public Key
npub1ehkvx8rdjsrwnf7kkqr8gy42vcwe6vwgqdwrl4juqccp689v8wfqr3mz4sPublished at
2024-12-09 00:25:52Event JSON
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"pubkey": "cdecc31c6d9406e9a7d6b0067412aa661d9d31c8035c3fd65c06301d1cac3b92",
"created_at": 1733703952,
"kind": 1,
"tags": [],
"content": "You trade your currency for USDT so that you can do the BTC/USDT trade, however each time you trade your currency for USDT, Tether has an obligation to buy US Treasury bonds to cover the swap. \n\nThus when you trade your fiat in for USDT you're ultimately just buying a T bond digitized and take that inflation on board.",
"sig": "770c01f713e8f4f42ae34f1c239b41ea40035df40a4b57955e9cde5d17909b2ffb5bebe8e49d9ccf82993acc6b5cedccd3c1b686701b0c3e902eaee797d88315"
}