Is Tether Pumping The Price Of Bitcoin?

By Bitcoin ميگزين - 2 سال اڳ - پڙهڻ جو وقت: 1 منٽ

Is Tether Pumping The Price Of Bitcoin?

There is a lot of noise about the legitimacy of the stablecoin Tether (USDT), with claims of “pumping the price of bitcoin” being made.

هيٺ ڏنل ڊيپ ڊيو جي تازي ايڊيشن مان آهي، Bitcoin رسالوجي پريميئم مارڪيٽ نيوز ليٽر. انهن بصيرت ۽ ٻين آن-چين حاصل ڪرڻ وارن ۾ پهريون شامل ٿيڻ لاءِ bitcoin مارڪيٽ تجزيو س straightو توھان جي انباڪس ڏانھن ، هاڻي رڪنيت حاصل ڪريو.

There has been a lot of noise made in recent weeks, months and years about the impact of stablecoins on the bitcoin (and more broadly, the crypto) market. In aggregate, the total global supply of stablecoins continues to grow and make new highs, with a current tally of $110 billion in circulating supply at the time of writing. 

In particular, a lot of noise has been generated on the legitimacy of the stablecoin Tether (USDT), with claims of fractional reserve or “pumping the price of bitcoin” having been made. The circulating supply of USDT is $62.9 billion at the time of writing.

On August 6, Tether made their reserves audit from June 30 عوامي, in which they broke down the asset allocation and the maturity of the commercial paper held by the stablecoin issuer. This was a very notable step taken by Tether to increase transparency on the largest stablecoin in the crypto market.

Tether Reserves Asset Breakdown Tether Reserves Commercial Paper And Certificates Of Deposit

With Tether increasing the transparency and the legitimacy of the market’s leading stablecoin, an interesting trend has emerged in the stablecoin and bitcoin مارڪيٽ.

اصل ذريعو: Bitcoin رسالو