That makes no sense. Exchange is a zero sum game. Anyone selling USDT on Bitfinex (the exchange) for USD is just swapping assets with someone else doing the opposite. The exchange itself wouldn't accumulate Tether as a result of this trade action... unless they're playing market maker on their own exchange?
It only makes sense if Tether (the organisation) is itself buying back USDT on Bitfinex to support the price (in which case the Tether would be withdrawing back to their Treasury)
Of course I realise that Bitfinex and Tether are entwined, and it proves nothing about their asset store.
It only makes sense if Tether (the organisation) is itself buying back USDT on Bitfinex to support the price (in which case the Tether would be withdrawing back to their Treasury)
Of course I realise that Bitfinex and Tether are entwined, and it proves nothing about their asset store.