The controversial Tether publishes USD 250 million in USDT, Twitter is waiting for the Bitcoin price to go up

According to Omni Explorer data shows that the alleged support of $ 1: $ 1 stable currency coin chain (USDT) today has released more than 250 million tokens.

At the end of March, Tether released 300 million tokens, leading to a slight increase in Bitcoin (BTC) prices. The move has also rebounded on Twitter critics, about the lack of controversy surrounding the official public audit of stablecoin to confirm its legitimacy by claiming a legitimate endorsement.

Recently, a new study at the University of Texas reports Tether says in proposing the compilation of this news, 2017. The currency has lagged behind Bitcoin's price manipulation, which is the CEO's Tether denies such claims.

In January this year, Tether's public meeting with auditors - prior to the official audit release - attracted the attention of critics, but an unofficial statement issued by a law firm last week said that Tether actually had an improper dollar stock. Starting June 1st, the coins have been returned.

Charlie Lee, founder of Litecoin (LTC), today announced that the issuance of $ 250 million can be compared to the total amount of dollars deposited on cryptocurrency exchange - meaning that it does not always happen immediately when it is used for purchase.

Generally, this has been a precursor of price going up. Tether gets printed when people deposit USD and get USDT back. This USDT will then be used to buy crypto. This is similar to someone depositing $250MM to exchanges. Of course, that doesn't mean they will buy right away. DYOR https://t.co/zg2PEjGohv

— Charlie Lee [LTC⚡] (@SatoshiLite) 25 June 2018

At the time of writing, Bitcoin rose nearly 6% in the last 24 hours, and the transaction price was around US $ 6,270.