Replying to Avatar Bryan

Agreed… Tether is a riskier USD with no compensation for the added risk. This is not how finance works.

More risk = more reward

USD + risk = đŸ’©Tether đŸ’©

As the world discovers a better standard, the bitcoin standard, they still need a digital dollar in the interim. Knowing that fiat is a sinking ship, how would you build a digital version to not only fill the global need currently but assist in the onboarding to the new standard?
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ODELL 2y ago

tether is black market usd, it is used because traditional dollar rails are heavily regulated and inaccessible in much of the world

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c5628ea6... 2y ago

It’s not black market USD. It’s black market Chuck E. Cheese token that pepper scam pump bitcoin with

c1
LuisSP 2y ago

right.

This article is in Portuguese but it has a graph of volume - Brazilians have R$271 Bi of Thether versus R$171 Bi of BTC.

Merchants (specially illegal industrial scale contraband often controled or associated with organized crime) need USD to pay stuff.

They can not accept the risk of BTC price going down temporarily, because their short term debt is in USD

BTC is not the optimal coin for this use case, at least while USD is the currency of international commerce.

Now our commie-bastard government announced a 22% tax on foreign based investiment including crypto. Let the games start.

https://br.cointelegraph.com/news/tether-reaches-r271-billion-displaces-bitcoin-and-becomes-the-most-sought-after-cryptocurrency-in-brazil