Tether has once again issued 20 million USDT tokens Tether's company name is increasingly making headlines due to dubious circumstances. Previously, the company, whose access to banking services was limited, without any explanation released large amounts of USDT tokens on the cryptocurrency market, each of which must be backed by the US dollar in the company's account. The same thing happened that night when another 20 million USDT hit the market. This is pointed out by newsbtc.com.

Tether has once again issued 20 million USDT tokens

Tether's name is increasingly appearing in news headlines due to dubious circumstances. Previously, the company, whose access to banking services was limited, without any explanation released large volumes of USDT tokens on the cryptocurrency market, each of which must be backed by the US dollar in the company's account.. The same thing happened that night when another 20 million USDT hit the market. This is pointed out by newsbtc.com.

Needless to say, this behavior of Tether has given rise to many theories about what actually happens in the company, which once proposed the idea of ​​issuing cryptocurrency tokens backed by fiat currencies. Such infusions of USDT tokens often coincide with the rapid growth of the bitcoin rate, which happened this time too. Most of the new USDT tokens hit the Bitfinex exchange, as well as Poloniex and Bittrex.

According to the German website T3n.de and other sources, the CEOs of Bitfinex and Tether are one and the same person, although both companies deny a connection with each other. Tether claims that all financial transactions are carried out in full compliance with its own company rules, but refuses to conduct an independent audit.

Photo: Kira Garmashova

Similar articles

• Bitfinex launched index swaps for European stock markets Cryptocurrency exchange Bitfinex launched stock index derivatives paired with USDT stablecoin, thus expanding its offer beyond digital assets, writes The Block.

  Bitfinex has launched index swaps for European stock markets Cryptocurrency exchange Bitfinex has launched stock index derivatives paired with...

• One of the largest market makers will provide liquidity on DEX Serum High-frequency trading company Jump Trading has become an investor in the decentralized exchange Serum developed by FTX, writes The Block.

  One of the largest market makers will provide liquidity on the DEX Serum High frequency trading company Jump Trading has become...

• Binance DEX will close access to residents of Belarus, Crimea and a number of other jurisdictions Binance DEX exchange has updated the rules for using its service with a list of jurisdictions whose residents are prohibited from "making deposits, withdrawing funds and trading using the site".

  Binance DEX will close access to residents of Belarus, Crimea and a number of other jurisdictions Binance DEX exchange has updated the rules for using its service with a list...

• Media: Agreements for the purchase of Gram tokens will be canceled, the TON network will not launch until the end of October Agreements for the purchase of Gram tokens of the Telegram Open Network project will be canceled if the TON network does not launch by October 31, 2019. Cointelegraph writes about this with reference to documents that came into its possession..

  Media: Agreements for the purchase of Gram tokens will be canceled, there is a TON network will not be launched until the end of October Agreements for the purchase of Gram tokens of the project...

• Dan Larimer Reveals EOS Network Memory Scaling Solution Dan Larimer, CTO of Block.One, has revealed an upcoming EOS.IO protocol update that will help reduce network resource constraints. Changes to the cryptocurrency repository were made 3 days ago, but Larimer confirmed them only today.

  Dan Larimer Reveals EOS Network Memory Scaling Solution Block.One CTO Dan Larimer disclosed...