Why do people always let go of playing with USDT (why is it cheaper to buy than sell)?

08/12/2023 16:29 • Metaverse Matters • 124 views

Why do people always let go of playing with USDT? Why do people always let go of playing with USDT?

In the world of cryptocurrency, everyone knows that Bitcoin is digital gold (bitcoin), which is in stark contrast to traditional fiat currencies such as the US dollar. However, for many people, this asset is unstable and may not be able to maintain its price. Therefore, they must give up the demand for other currencies, as these currencies have highly volatile characteristics and are susceptible to attacks or losses. So if you want to hold an asset and trade, you need to deposit funds into an address and then use that address to purchase another asset to pay for margin and liquidation fees.

However, when you put funds into an account, you can actually withdraw your Bitcoin from the exchange, which allows you to earn profits. This means that if you now have one BTC instead of one ETH, you cannot sell this token! This then becomes a huge risk – if your wallet is stolen by hackers, it will cause a huge market panic, leading to a sell-off by a large number of investors!

This is called a “Ponzi scheme”. According to data from DeFiPulse, nearly $2 billion in Bitcoin has been transferred from centralized exchanges to decentralized digital custodian BitGo since October 2020. 1. USDC/PAX/BNB 3. Tether Company issued a new USDT protocol.

In late 2017, the USDT protocol was first announced, which created a process of creating a username called USDT and allowing users to convert their fiat balance into USDT tokens. In order to make USDT mainstream and easily accessible, USDT introduced two different types: ERC-20 and TRXB tokens.

The first ERC-721 is the initial version of USDF. The second layer extension allows people to send USDC to another wallet with their Bitcoin and USDC, and then use USDT tokens to send USDC or use Tether as collateral. There are currently no new projects online, but we are looking for alternatives.

The fourth ERC-20 is being developed by Sam Bankman-Fried, the founder of Tether Company, and aims to establish an algorithmic stablecoin standard based on Dai. 5. Tether Company has completed the first pre-financing of USDT.

On August 18th, Tether released a paper titled “Tether Company and its Reserve Fund”, which detailed how Tether uses its balance sheet to protect investors from financial crises. It stated, “Tether Company plans to raise $200 million to support the global economy by the end of the first quarter of 2022.”

There is also a very noteworthy question:

1. Should Tether charge a certain percentage of fees to those who try to provide liquidity? 2. Can USDT help friends who want to do arbitrage earn more profits?

Why is it cheaper to buy USDT than to sell?

In the Bitcoin network, the average transaction volume of each block is $1. When the price of BTC exceeds $10,000, this number becomes about 4 times. This indicates that there is a high demand for USDT in the market. What if one day we can see more demand for USDT in the market? The answer is: buying fiat currency instead of using USDT as a market maker. Because it is a very fast, transparent, and cost-effective service. Therefore, investing through USDT is a cool thing.

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Why do people always let go of playing with USDT (why is it cheaper to buy than sell)?

Why is it cheaper to buy USDT than to sell?

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