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RE: Know USDT? Meet TUSD its Competitor!
Tether/Bitfinex were served subpoenas on December 6, 2017, and shortly thereafter the largest amounts of Tether were printed and volume and price action exploded to the highest levels in cryptocurrency history. It is 99% probably not mere coincidence. People are leery of the actions of these entities because they have already drawn investigative scrutiny and are likely being set up to fall when central banks and governments themselves have problems keeping people locked in to their currencies as cryptocurrencies start to look like more viable alternatives for people to park their cash or funnel funds as crises start to hit multiple nations at once.