Printing money: The Tether bomb

This guy found a interesting pattern. Every time more Tether (USDT) is minted (printed), prices are pumped.

They made up this concept where "my coin is worth U$ 1". So when they print 400 million USDT coins, U$ 400 million are printed too. For some reason people are using this as a measure of U$ market cap.

On Bittrex for example you do not trade any coins for U$, but for USDT. That price is shown as U$ on…

Printing money: The Tether bomb