My hypothesis is the manipulator, probably someone with fiat powers, would accumulate enough crypto to support the price of tether. If the price of crypto went up too high, they would sell their stash in exchange for tether. Then just print enough tether again to stabilize it at the same time. Then repeat the process. So you have so much wealth being stored into tether by the manipulators who don't care about buying it because they have fiat powers. Nobody else is really buying tether. Tether is their way to dilute the whole crypto space using fiat.
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from Bitcoin - The Internet of Money https://ift.tt/30W7Les
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