Regardless of whether tether is a scam or not its still showing signs of growth considering almost every other crypto is down almost 10% since the last 24 hours??? Rationally this does not make sense to me unless I am missing something very big here like bad press??
I found this article from Zhao Dong that suggest Bloomberg and the tether issue are all speculation?? I quote hes comment below:
“Lao Mao (and I) just have a look at the USD account of Tether and Bitfinex in Giancarlo’s(Boss of BFX,CFO) room, in which Tether’s account holds 1.8x billion USD and Bitfinex holds 1.1x billion USD. The total number of the two accounts is around 3 billion USD, which is beyond the current circulated supply of USDT. This debunks all rumors around USDT. ”
Link to the article below folks...
http://news.8btc.com/zhaodong-bitfinex-and-tether-hold-3-billion-usd-usdt-soon-listed-on-bigone
Let me know your thoughts on bad press and the tether issue...
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