1/ I figured up Justin Sun's game with #USDD.
It's plainly obvious.
He plans to finish what Do Kwon failed to do.
Buy as much #BTC as possible now & then when it pumps, print more #USDD until the limit!
He's going long on BTC & will cash in into #USDD.
Next ๐
It's plainly obvious.
He plans to finish what Do Kwon failed to do.
Buy as much #BTC as possible now & then when it pumps, print more #USDD until the limit!
He's going long on BTC & will cash in into #USDD.
Next ๐
2/ They just bought 100 mil USDT worth of BTC in their reserve. They used to have 240 mil USDT before (see pics).
If Justin plays this right, he can print 10x more USDD in the future just due to BTC appreciating in price.
If he plays it wrong, he will risk USDD de-pegging. ๐
If Justin plays this right, he can print 10x more USDD in the future just due to BTC appreciating in price.
If he plays it wrong, he will risk USDD de-pegging. ๐
3/ Luckily, he has 7 bil in #TRX market cap to defend the USDD peg as USDD mcap is still low.
With a bit of luck, USDD won't grow too much and during the coming bull market he can cash in billions as BTC / TRX pumps.
Not a bad game plan. Do Kwon will be jealous. ๐
With a bit of luck, USDD won't grow too much and during the coming bull market he can cash in billions as BTC / TRX pumps.
Not a bad game plan. Do Kwon will be jealous. ๐
4/ It seems Justin may just be lucky to be the second and not the first to try it. ๐คฃ
He will print #USDD and KEEP his Bitcoins as BTC prices go up! Smart.
For more context, I recommend you check my USDD thread.
He will print #USDD and KEEP his Bitcoins as BTC prices go up! Smart.
For more context, I recommend you check my USDD thread.
https://twitter.com/DU09BTC/status/1530582931244294145?s=20&t=dgodgT__du2v2CyNYHkC8A
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