Amid falling bitcoin rate, Tether issues another 20 million USDT
That night, the company Tether, which supplies digital tokens backed by fiat money to the cryptocurrency market, released another 20 million USDT into circulation. Like last time, this happened against the backdrop of a weakening bitcoin rate. After the new fiat entered the market, the bitcoin rate instantly rose by $ 150. According to the newsBTC portal, this is not the first time events unfold in this way, and the relationship is too obvious to consider it a mere coincidence..It is unlikely that anyone will now undertake to argue that another Mt.Gox awaits us in the person of Tether, but in any case, what Tether and its sister exchange Bitfinex are doing, where the Bitcoin rate is being pumped, looks suspicious. Bitfinex will stop serving US residents on November 9, that is, tomorrow.
Recall, what after the last issue of 20 million new USDT in early September amid a fall in the bitcoin rate caused by negative news from China, Tether, which is experiencing problems with banking servants and does not have direct channels to replenish its reserves with such amounts, tried to assure users of its honesty, but so did not provide any convincing evidence.
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