I guess that, by now, everyone has heard the rumour about tether artificially inflating the price of cryptocurrencies.
if this was true then price of cryptocurrencies should not have dropped at all. specially like this huge dumps that we keep on seeing like ETH going down from $1500 to $200 (-86% dump).
So, who is holding 2.5B USDT tokens and what do the masses do with USDT(other than short-term[1-2 days] transfer of value)?
USDT is one of the shadiest altcoins out there that people keep on using. but looking at the 24 hour trading volume of it, there was $2.4 billion volume only today! it is not about holding it, it is about circulation. there are lots of trades taking place in the market every day and many of them are with USDT.