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RE: Tether market cap goes below $2 billion for first time since February
The tether drama continues :) I don't fully understand the part of them buying the coins. What this means exactly. Are they burning them, or just change of ownership. In this case there should still be the same amount of tethers.
It looks like they have burned about half of them. The others are remaining in treasury for possibly re-issuance.
This is a mess on a big scale ... millions, almost billions of dolars mess...
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Actually the fact that tether seems to have the money on hand to buy them back on the open market makes it sound like it is really not a mess at all, at least to me.