kurian Posted March 21, 2018 #1 Posted March 21, 2018 Tether printed $300m USDT tokens yesterday. Tether Limited issues Tether tokens also known as USDT. It is a dollar-pegged cryptocurrency; that is, the tether’s value is pegged directly to that of the U.S. dollar. Tether offers a way to own and move fiat currency across different cryptocurrencies and exchanges without the need to convert crypto assets into dollars. I know there are people who don't really like USDT but this controversial cryptocurrency is getting more and more popular among traders. There are well- researched reports that claim tether printing moved the price of BTC considerably this past year. But, it's not proven yet. But, this news could be a good sign for market. There would be a pump in coming days. The $300 million transaction can be seen in the Omni network.
wry Posted March 21, 2018 #2 Posted March 21, 2018 I have no idea if they are correlated, but I like the theory! While I have serious doubts about the veracity of Tether, if they were legitimate I could see an increase in the number of Tether signaling an influx of USD into the crypto market that would in turn help all cryptocurrencies.
CryptoDadlol Posted March 21, 2018 #3 Posted March 21, 2018 hmm not sure if you can connect the dots like that but will be interesting to see what happens.
skillex Posted March 22, 2018 #4 Posted March 22, 2018 Great news kurian. But sadly as I observed in its historical data its price is never yielding. Its like its directly proportional or dependent to USD fiat currency value.
kurian Posted March 22, 2018 Author #5 Posted March 22, 2018 12 hours ago, wry said: I have no idea if they are correlated, but I like the theory! While I have serious doubts about the veracity of Tether, if they were legitimate I could see an increase in the number of Tether signaling an influx of USD into the crypto market that would in turn help all cryptocurrencies. That's right. People has doubts about the veracity of Tether. If they publish the full financial audit data then, i guess things would be much more clear. 2 hours ago, skillex said: Great news kurian. But sadly as I observed in its historical data its price is never yielding. Its like its directly proportional or dependent to USD fiat currency value. It's pegged to the USD currency value in 1:1 ratio. 11 hours ago, CryptoDadlol said: hmm not sure if you can connect the dots like that but will be interesting to see what happens. Yeah, it's still unclear but, this gives atleast a little push to the market.
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