Tether (and other stable-coins) are used to exchange USD to the digital currency world. However, the liquidity of Tether on the Centralized EXchanges (CEX) is allegedly provided from the Chinese real estate market. I don't get how that works, nor do I know how to verify this claim. But the price oddities in crypto have tended to follow price swings in Evergrande stock (3333.hk).
Tether (and other stable-coins) are used to exchange USD to the digital currency world. However, the liquidity of Tether on the Centralized EXchanges (CEX) is allegedly provided from the Chinese real estate market. I don't get how that works, nor do I know how to verify this claim. But the price oddities in crypto have tended to follow price swings in Evergrande stock (3333.hk).
They don’t hide it