By Bitcoin Mekasini - 2 tausaga talu ai - Taimi Faitau: 1 minute
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.
O lo'o i lalo mai se lomiga lata mai o le Deep Dive, Bitcoin tusiata's premium markets newsletter. Ina ia avea ma se tasi e muamua mauaina nei malamalamaaga ma isi i luga o filifili bitcoin au'ili'iliga tau maketi i lau pusameli, totogi nei loa.
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 lautele, 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 DepositWith Tether increasing the transparency and the legitimacy of the market’s leading stablecoin, an interesting trend has emerged in the stablecoin and bitcoin maketi.
Punavai autu: Bitcoin tusiata