Tether "printed" an additional 60 million USDT to stimulate the Bitcoin market in the chaos




Tether continues to withdraw an additional 250 million USDT from circulation


Stablecoins "printers" are working at full capacity recently to meet market needs and boost liquidity. In particular, Tether (USDT) is a pioneer.


As noted by Whale Alert, this controversial stablecoin is preparing to inject another 60 million USDT into the cryptocurrency market.




According to CTO of Bitfinex Paolo Ardoino, these new USDTs are added to the reserve. This means that it will not be marketed immediately, but will likely be cast at the request of an organization or individual.


Doubts surrounding Tether printing extra money


Some have compared Tether's extra 60 million USDT mismatch as a bailout and the Fed's bluff money printing. Last September, the co-founder of Tether once said that printing more USDT would not be a problem if reinforced by a corresponding amount of USD.


Is Tether simply like the Fed but is printing money for the cryptocurrency sector? Some people have the same thoughts.




This stablecoin is believed to be still quite suspicious of its USD storage. Last year, it was involved in a lawsuit accusing Tether and Bitfinex of using USDT to cover up to $ 800 million in debt. It is known that Tether and Bitfinex were previously involved, but both have denied being involved.


The activity of stablecoins is in an increasing trend


Not only has Tether (USDT) added new stablecoins, but other stablecoins have been particularly active over the past few days.


For example, Binance USD (BUSD) has issued a total of over 12 million BUSD in the past few days. In the past 1 month, many key stablecoins have continued to grow in capitalization, despite the market's decline. Tether alone (USDT) is said to have reached 3rd place in terms of total market capitalization, second only to Bitcoin and Ethereum.


Maybe you are interested:



Join our channel to stay up to date on the most useful news and knowledge at:



According to BeInCrypto
Recompiled ToiYeuBitcoin




0 Comments

seo marketing wordpress seo seo hosting seo and marketing word press seo wordpress and seo wordpress marketing hosting seo seo press pro market seo seo & marketing seo e marketing e marketing seo seo pro wordpress marketing & seo seo di wordpress wordpress seo host hosting and seo wordpress hosting seo wordpress seo wordpress wordpress for marketing seo press wordpress marketing for seo
×