RZ3dSe Story of Tether have been published $ 250 Million in USDT Form
Img source : bitfalls.com
250 tokens have been published by Stablecoin Tehter (USDT) whose price is proportional to USD, according to data from Omni Explorer.
By the end of March, Tether has released 300 million tokens. The move was also criticized by Twitter about the lack of an official public audit of stablecoin to confirm the validity of its claims backed by fiat.
More recently, Tether has also been criticized by a new study compiled by the University of Texas stating that the coin is behind Bitcoin's price manipulation in 2017, but the claim was rejected by the Tether CEO.
The destruction of the Tether public with his auditors in January this year - before an official audit was released - has increased the 'fire' criticism, but unofficial statements from a law firm last week claimed that Tether actually had the right amount of dollar holdings to return his coins, June.
Founder of Litecoin (LTC), Charlie Lee, tweeted that the issuance of 250 million USDT can be compared with the amount of money in dollars deposited into currency
cryptocurrency - which means that it does not necessarily preclude the direct price spike that will occur when it is used to purchase the digital currency.
Generally, this has been a precursor of rising prices. Tether will be printed when people deposit USD and get USDT. USDT will then be used to buy cryptocurrency. This is similar to someone who deposited $ 250 million into the exchange. Of course, that does not mean they will soon buy stocks that are available on the exchange.
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