Where did the “money” of TEDA’s additional is going? 100 million USDT additional issuance

Regarding the field of digital currency, some people say that it is full of chaos, and some people say that it is also full of hope. Like the pioneering era in the western United States, it seems that there are ghosts here, but it has also become a financial testing ground, which has given birth to many interesting phenomena.

For example, USDT, for it, people in the field of digital currency are too familiar with the "excellent representative" of stable coins, and frequent customers of various conspiracy theories in the currency circle. In fact, the emergence of the so-called stable currency itself has its profound motivation and solid demand. In the field of digital currency, from Bitcoin to Ethereum to various XX coins, it forms a similar exchange rate, and around this price comparison. Related transactions. However, although almost everyone in the circle is dressed as a "currency standard", most of them still have to calculate their own income in the form of legal currency such as the US dollar and the renminbi. In many cases, investors also have the need to drop bags for security or short positions. And because of the laws of various countries, as well as the efficiency of related transactions, the cost problem, if the "empty position" is only to avoid risks in a phased manner, and there is still a need for market transactions in the long run, in this new situation, take the OTC trading channel, and then High-frequency switching in the digital currency and the legal currency system is obviously too costly.

We turn these to the USDT summary of the different wallet addresses of each exchange and graphically display them further:

So, what impact does this have on the market? Let us first put down the conspiracy theory. One background of the USDT issuance is that the bitcoin price has started to rise after a continuous surge, and the market has returned to a highly volatile state. At this time, investors who want to sell BTC, or investors who want to bottom out, have generated huge demand for USDT. Some small and medium-sized exchanges even appeared in the OTC market where USDT was sold out and could not continue to provide liquidity. Sexual embarrassing situation. In this case of a shortage of USDT, the off-market USDT began to show a substantial premium. In this context, the process of TEDA's issuance of USDT and distribution to the market is also objectively an operation to increase supply.

We can see that with this process, the price of USDT trading outside the global site of the Firecoin has indeed begun to decline, and the high premium has eased.

Just about an hour and a half after the final distribution of 16:40:42 on July 4, TEDA re-issued 100 million USDTs on Ethernet. In fact, the additional issuance on July 2 is 10 days away from the last additional issuance interval. The latest two USDT issuance intervals in Ethernet are less than 3 days. This is because the USDT still cannot meet the market needs, or The Bitfinex CTO of the TEDA-linked exchange is just doing the USDT adjustment to the USDT on the bitcoin network. Or for another reason?

In this regard, I believe that the industry will have a variety of perspectives, we will continue to trace the trend of these data, and further manage and analyze these data and other data, present data to the industry, and inject value into the data!

Source: Beijing Chain

We will continue to update Blocking; if you have any questions or suggestions, please contact us!