Quote from: Edwardard on Today at 02:11:22 PM

Quote from: _act_ on Today at 02:04:02 PM

Just like Microstrategy, tether is planing to be investing more on bitcoin.

Lol, I think tether is the one investing in bitcoin since the company's birth. They are the real OG.

This should not cause an argument, I did not say that tether is not investing in bitcoin. I am only indicating how they get more preference for bitcoin. That is why I compare tether to microstrategy. I also stated that they hold $1.5 bitcoin.

Quote

In an announcement on May 17, Tether revealed that it plans to invest a portion of its profits into BTC on a monthly basis. The firm said it will “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.”

Quote from: livingfree on Today at 02:41:22 PM

Quote from: Hamza2424 on Today at 02:38:13 PM

If they are thinking to increase their BTC reserves it's great but it is again alarming for us because it will lead to more volatility in the market if any fud occurs similar to the LUNA.

Honestly, this is what I'm thinking. Since Luna is also associated to Terra/USTC, I am having that feeling that this could also lead to the same thing as them but it could also be entirely different.

Rhe problem with Luna is that he made UST to be an algorithmic stable coin. The way both stable coin works is different. What you can compare with USDT is USDC. See what happened to USDC recently as it depegged, but later increased back to normal price. Tether still have 85% of his asset in fiat. The second problem of Luna is the team behind the project and how Luna falled, not even bitcoin.