Liberty Farmer on Nostr: Ummm, ok. What does tether buying treasuries have to do with your claim the ...
Ummm, ok. What does tether buying treasuries have to do with your claim the government holding in reserve or wanting stablecoins allows the fed to sell debt globally??
It also doesn't have a real effect on the dollar money supply. In order for Tether to buy treasuries, they need to mint USDT. They don't mint out of thin air. They get collateral(payments) to mint. All they are doing is taking dollars, euros, Bitcoin, etc .. and minting USDT. They then either hold or sell those assets for treasuries to enhance their corporate profits.
It also doesn't have a real effect on the dollar money supply. In order for Tether to buy treasuries, they need to mint USDT. They don't mint out of thin air. They get collateral(payments) to mint. All they are doing is taking dollars, euros, Bitcoin, etc .. and minting USDT. They then either hold or sell those assets for treasuries to enhance their corporate profits.