Tether generates new batch of Tokens
On August 11, Tether issued new tokens worth $ 50 million, which now ranks second after Bitcoin in terms of the highest volumen of daily transactions.
image source: https://thehackernews.com/2017/11/tether-bitcoin-hacked.html
Now it goes up to 4.2 $ billion in daily exchanges, which would be 28.16% of all operation, while Bitcoin is 5.7 $ billion or what would be 38.62%.
In the past, Tether has been critized for lack of transparency, as the chips claim to be individually supported by USD, but in June a law firm working with Tether unofficially confirmed the legitimate support for the dollar, that same month in June, a company blamed Tether for manipulating Bitcoin prices in 2017.
This is bad. How long can this Tether scam go on for before it comes crashing down? There has been research done which clearly correlates a drop in Bitcoin value to Tether printing more of its magical "trust us we are legit" pegged cryptocurrency.