USDT Issues Controversial $250Mln

The Tether team has issued $250,000,000 USDT which is a cryptocurrency that should be backed by USD at a 1:1 ratio. Critics have been vocal against the Tether team for their lack of transparency despite a law firm auditing the company’s funds within the last week.

The Company has been criticized by reputable sources such as researchers from the Univesity of Texas that suggest the issuance of Tether lead to the drastic increase in Bitcoin’s price at the end of 2017. This report claimed that Tether was used to manipulate Bitcoin’s price. The controversial cryptocurrency, Tether continues to draw criticism for their lack of transparency against mounting claims of fraud and dishonesty.

Originally posted through the CoinTelegraph Source and rewritten for Newa.io: https://cointelegraph.com/news/controversial-tether-releases-250-mln-in-usdt-twitter-awaits-bitcoin-price-jump


Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

promo
Digital Marketing 101
July 16, 2018
promo
Careful of Crypto Hacks
July 2, 2018
promo
Banks Losing Customers to Crypto Exchanges
June 28, 2018