{"id":9832,"date":"2023-10-18T09:46:10","date_gmt":"2023-10-18T02:46:10","guid":{"rendered":"https:\/\/bitcoinvn.io\/news\/?p=9832"},"modified":"2023-10-18T11:39:49","modified_gmt":"2023-10-18T04:39:49","slug":"tether-more-chains-supported-on-bitcoinvn","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/tether-more-chains-supported-on-bitcoinvn\/","title":{"rendered":"Tether, Tether, Tether… – more chains supported on BitcoinVN"},"content":{"rendered":"

You can now also convert <\/span><\/i>USDT (Polygon zkEVM)<\/span><\/i><\/a> and <\/span><\/i>USDT (Cosmos)<\/span><\/i><\/a> into Vietnamese Dong<\/span><\/i><\/p>\n

Yes, yes\u2026 we know, <\/span>\u201cTether is a scam\u201d <\/span><\/i>and is about <\/span>\u201cto implode any day now\u201d<\/span><\/i> – as it has been the case for many years.<\/span><\/p>\n

Meanwhile Tether keeps expanding its influence and is likely to breach the 100bn$ marketcap barrier in short order – once the money printers at the Federal Reserve get back to business as usual after the last few years of \u201cquantitative tightening\u201d.<\/span><\/p>\n

\"\"<\/p>\n

\u2026and if this sounds a lot to you, just be reminded that the US government increased their debt load by 500bn$ just within the last two weeks, an equivalent of over six times of Tether\u2019s current market cap.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

If looking at these charts makes you anxious:<\/span><\/p>\n

Good, it should!<\/span><\/p>\n

This is your inner voice telling you that you still have homework to be done to prepare for what\u2019s about to unfold.<\/span><\/p>\n

Potentially <\/span>buying some Bitcoin<\/span><\/a>, putting it in <\/span>cold storage<\/span><\/a> is a good starting point\u2026 and if you need a helping hand to guide you through the process, <\/span>you know who to talk to<\/span><\/a>.<\/span><\/p>\n

But back to Tether itself:<\/span><\/p>\n

\"\"<\/p>\n

There is a good reason to assume that Tether at this point might be the most profitable per capita company on earth – ahead of Blackrock, ahead of Goldmans Sachs, ahead of basically anyone who is not directly engaging in the seigniorage business (<\/span>\u201cprinting money out of thin air\u201d<\/span><\/i>).<\/span><\/p>\n

\"Interest
Interest rate arbitrage – a big business now<\/figcaption><\/figure>\n

While some of the criticism hurled towards Tether for their opacity might be justified – don\u2019t think for a moment that there is not a <\/span>huge incentive <\/span><\/i>for other players in the space to finance and launch targeted attacks and campaigns to take a bigger slice of that juicy pie of interest rate arbitrage<\/span> (pay USDT holders zero\u00a0 – collect 4-5% coupon payments on Treasury holdings)<\/span><\/i>.<\/span><\/p>\n

Does this mean that all is good and clean with Tether?<\/span><\/p>\n

No, we simply don\u2019t know that.<\/span><\/p>\n

It just means that you should be very cautious about taking most of the FUD campaigns around Tether at face value – more often than not moneyed interests are behind it who have <\/span>their own<\/span><\/i> best interest in mind, not <\/span>yours<\/span><\/i>.<\/span><\/p>\n

\u2026and if you still don\u2019t like to take the risk profile of Tether?<\/span><\/p>\n

Well, you can always sell them instantly – for <\/span>Bitcoin<\/span><\/a>. For other <\/span>stablecoins<\/span><\/a>. Or for <\/span>Vietnamese Dong<\/span><\/a>.<\/span> And if you got a whole unpractical bulk of it – our <\/span>OTC desk<\/span><\/a> is ready to serve those needs as well.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

You can now also convert USDT (Polygon zkEVM) and USDT (Cosmos) into Vietnamese Dong Yes, yes\u2026 we know, \u201cTether is a scam\u201d and is about \u201cto implode any day now\u201d – as it has been the case for many years. Meanwhile Tether keeps expanding its influence and is likely to breach the 100bn$ marketcap barrier […]<\/p>\n","protected":false},"author":14,"featured_media":9822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"\nTether, Tether, Tether... - more chains supported on BitcoinVN - BitcoinVN News<\/title>\n<meta name=\"description\" content=\"Meanwhile Tether keeps expanding its influence and is likely to breach the 100bn$ marketcap barrier in short order\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/news\/tether-more-chains-supported-on-bitcoinvn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether, Tether, Tether... - 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