Bitcoin: Tether Carries Good News
A little light in the darkness:
USD Tether prints USDT tokens worth $250 million
Blockchain data indicates that Tether, the creator of cryptocurrency “stablecoin” USDT (colloquially called tether), issued 250 million new tokens this morning, June 25.
This has caused speculation that bitcoin price might go up.
source
The trading volume of $ 4.2 billion was the second largest among all cryptic currencies, ranked only behind bitcoins
(in the last 24 hours).
The amount of Tether that is in circulation equals the number of US dollars that the company behind the tag, Tether, has in its reserves.
Tether can not (or should not, at least) issue USDT without the USD to the same amount reserves to back up the problem.
The fact that Tether issues new tokens is a sign that new capital enters into cryptographic markets since - at least to the company - the tokens arise when individuals or organizations charge physical dollars in Tether's reserve bank accounts.
Tether currently has a market cap of more than $ 2.6 billion, making it the eleven largest crypto-power.
According to Tether's "Transparency" page, the company owns more than $ 3 billion in its bank account balances.,
So, $ 400 million in signs without overcoming the property.
Conclusion
###Tether had long been under a big investigation for a 1: 1 ratio but came out as clean!
Good info, very timely!Im sure more good news will follow up, keep up good work.
All are in fear.
This It will good come as a "break."
And maybe and more.
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