Tether, the company that issues the USDT stable coin just printed another $300 million tether this month. The transaction can be found here.
Tether experienced harsh criticism in the past for not providing important reports showing that the organization has legitimate USD saves for the USDT available for use. But later that has been cleared. Tether backs their USDT coin by a diversified portfolio that includes also cryptocurrencies.
So maybe would be safe to think that the printed tether is due to the increasing interest in bitcoin after the price action we have seen since the start of this … Read the rest