Talk about a good run! This case was settled privately in February. The appeal lies in giving your portfolio diversification into the tempting world of cryptocurrency, while avoiding the volatility of cryptos such as Bitcoin and Ethereum. Shutterstock cover by DIAMOND VISUALS ... Trust in USDT has picked up in recent weeks, after the Moore Cayman audit and a surprise Coinbase Pro listing. And whether Tether will remain the world’s most popular stablecoin remains to be seen. For this reason, it offers more stability than volatile coins like Bitcoin. Audit Many rightfully ask that Tether should produce regular audits. TXT Wallpaper 4K HD 2021 v1.3 Mod (Free purchase) This app is a free app that has a large varieties of wallpapers | backgrounds. Apr 26, 2021 . Some believe the presence of Tether is helping to artificially inflate the price of Bitcoin and its peers. Plus, many central banks are in the process of developing their own form of cryptocurrency. Both cases continue. The upshot of this is that in 2018 Tether loaned $900 million to Bitfinex. Tether is the first stablecoin issuer to publish a detailed report of its assets. This news was brought to you by Phemex, our preferred Derivatives Partner. The Moore Cayman’s Attestation. The disclosure statement states that 75.85% of its reserves are backed by cash or cash equivalents in commercial paper, fiduciary deposits, and bonds. 3. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Investments may fall in value and an investor may lose some or all of their investment. The accounting report was certified by Moore Cayman, a Cayman Island-based auditor, which noted that the “evidence obtained is sufficient and appropriate” to support their attestation. 4:01. No news or research item is a personal recommendation to deal or invest in any particular company or product, nor does Valuethemarkets.com or Digitonic Ltd endorse any investment or product. But there are many more including Paxos Standard Token (PAX), Binance USD (BUSD), TrueUSD (TUSD), Facebook’s Libra (FB.O), and MakerDAO (DAI). Trust in USDT has picked up in recent weeks, after the, Cardano Courts Tesla as ADA Hits an All-Time High, Ripple Claims SEC Misquoted It in Latest Development, Vitalik Buterin Burns 41% Supply of “Dog Token” Shiba Inu, Nexo Introduces In-app Cryptocurrency Exchange Service, NEXO Token Marks 440% Growth in First Nexonomics Phase. The point of Tether being pegged to the US dollar is to protect against market uncertainty and offer constant liquidity in the market. Tether accounts for more than half of all bitcoin trading. But it’s also used to cheaply and quickly trade cryptocurrencies. Under the terms of the settlement, Tether did not have to admit any wrongdoing but did pay an $18.5 million fine. Tether. Tether and its USDT token was launched as a means to protect cryptocurrency holdings against wild market swings. We are not regulated by the Financial Conduct Authority. You should take independent financial advice from a regulated FCA advisor in connection with, or independently research and verify any information that you find on this site, and wish to rely on whether for the purpose of making an investment decision or otherwise. During 2017, the three main exchanges used for trading Tether were Bitfinex, Poloniex and Bittrex. The Gemini Dollar was created by the Winklevoss twins in 2018 and claims to be a transparent stablecoin. LAFAYETTE - A recent audit of the University of Louisiana at Lafayette (UL Lafayette) revealed several concerning blunders in relation to the university's organizational procedures and financial record-keeping.According to the Louisiana Legislative Auditor, for the second consecutive year, UL Lafayette failed to terminate access to the electronic … In this article, I explain the larger pieces of the puzzle contributing to this epic 2021 cryptocurrency bull run. It turns out Bitfinex officials are responsible for Tether’s origins and this led the New York Attorney General (NYAG) to file a lawsuit accusing Bitfinex of using Tether reserves to bail themselves out of trouble. Tether’s market cap hits $50B as stablecoin adoption grows . Tether Primed for Growth Tether is preparing to launch on another two blockchains. White paper. Crypto is traded 24 hours a day, seven days a week, unlike traditional financial markets, crypto never sleeps. Tether has issued four stablecoins: USDT, EURT, CNHT, and XAUT. Audit Many rightfully ask that Tether should produce regular audits. So, here’s where Tether can offer more of a stability guarantee than Bitcoin can thus far. The New York Attorney General’s office had charged iFinex, the parent company of Bitfinex and Tether, for manipulating their books. The New York Attorney General’s office had charged iFinex, the parent company of Bitfinex and Tether, for manipulating their books. But there have been questions regarding how truly pegged to the dollar it actually is. Even with all the good news, risks still remain. Stablecoin trading on the other hand is instantaneous. They’re also a critical part of crypto trading. The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. However, in the span of 6 months, Tether has reached a positive resolution with its NYAG case, provided a favorable audit report attesting to full-proof of reserves, and has now been included into the West's largest and legally compliant exchange, Coinbase. The market has not responded well to this, and, overnight, seems to be pricing tethers at rather less than a dollar. Tether, which claimed at launch that each tether was backed 1:1 with USD, releases a breakdown of its reserves, revealing that only 3.87% are in actual cash — Quick Take — Stablecoin issuer Tether has revealed a breakdown of its reserves. Stay up to date with latest security insights for your crypto investments. It’s a place where you can save your funds in cryptocurrency as opposed to Fiat currency. 13, 2021 . Join the largest DeFi ICO in 2021 DeFi Payment Protocol that enables POS terminals on blockchains and brings consumer protection to crypto payments Join the Merchant Token ICO Buy tokens. . The rest is held in secured loans (12.55%), bonds and commodities (9.96%), and other investments, including digital assets (1.64%). A report that claims to be a breakdown of Tether’s reserves dropped at 12:00 UTC Thursday 13 May 2021, outlining the reserves as at 31 March. We were confident that it was a useful token, but didn’t anticipate quite how useful it could be,”. It’s an ERC20 token built on the Ethereum network. This has led to heavy criticism of the coin and suspicion regarding its purpose. So, the activity from this area of the market could be another driving force behind the inflated Tether volume. Past performance is not an indicator of future performance. Tether Limited and the tether cryptocurrency have also attracted controversy because of the company's alleged role in manipulating the price of bitcoin, an unclear relationship with the Bitfinex exchange, its apparent lack of a long-term banking relationship, and the company’s failure to provide a promised audit showing adequate reserves backing the Tether token. By the end of the first quarter, Tether held over $41 billion in assets and owed $40.8 billion to stablecoin investors and creditors. In any case, the money Tether loaned Bitfinex has now been paid back and the loan facility cancelled. Tether, also known as $USDT, is what’s known as a stablecoin. The stability helps reduce the uncertainty of cryptocurrencies across the board. Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter. Tether was accused of artificially inflating Bitcoin’s price during the 2017 bull cycle. How to use audit in a sentence. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG.After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter. Today, Tether Holdings Limited proactively made available a recent assurance opinion by Moore Cayman confirming that information in the company’s Consolidated Reserves Report is accurate. SHARE THIS ARTICLE . As of May 2021, there are 58 billion tethers in circulation.) The NYAG alleged Bitfinex and Tether were covering up losses of around $850 million in customer funds. However, this is harder than it sounds. It would skyrocket as Tether holders convert $24B of Tether into Bitcoin. In a podcast hosted by Peter McCormack, Stuart Hoegner, the General Counsel of Bitfinex—an exchange closely related with Tether Limited, revealed that the official issuer … The Issuer of Tether (USDT) May Get Audited in 2021 | BTCMANAGER Read More » Past performance is not an indicator of future performance. ON Semiconductor Corporation (Nasdaq: ON) plans to announce its financial results for the first quarter, which ended April 2, 2021, before the market opens on Monday, May 3, 2021. Tether announced that its stablecoin has become the first to... Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. How Tether Works. Tether can safely be considered the first successful stablecoin and has since spawned many other Fiat stablecoins. Is this something to worry about or simply a temporary spike that will soon sort itself out? Tether has released the breakdown of its Consolidated Reserves Report, revealing that the majority of its reserves are made of low-risk, liquid assets. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above. Crypto’s favourite dollar-substitute stablecoin, Tether, releases an audit of their backing reserves, the value behind each and every tether! Tether's Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On ... Weiss Crypto says “we recommend you avoid exposure to Tether. Tether co-founder William Quigley expressed disappointment with company and suggested an audit, during an interview on CoinDesk ... 2021 at 10:12 p.m. UTC. Docs. Start collecting your CEU records now and keep them in a safe place. Global index prices, live streaming charts, news, forex rates, commodities & over 80 international stock markets. That’s because more than half of the exchange of Tether for Bitcoin took place at Bitfinex, a Hong Kong-based cryptocurrency exchange, and was associated with one large player. The entire cryptocurrency landscape is still new in the history of financial markets. @bitfinex repays @Tether_to balance of $550M under credit facility; loans repaid early and in full; all interest has been paid; credit facility now cancelled. The idea is that for every USDT issued, $1 is kept in reserve at the Tether Foundation. Contact us with general questions about Safe Ride News Publications.. To learn about other ways to earn CEUs, go to the Safe Kids certification web site and log into your CPST profile. “Bitfinex continues to make progress in its recovery actions against the Crypto Capital group around the world,”. The tiny audit firm that signs off Sanjeev Gupta’s empire Invoices to ‘Friends of Sanjeev’ underpinned Greensill loans Greensill tried to use NHS pay ‘gift’ as lever to … It is very important to do your own analysis before making any investment based on your personal circumstances. Further articles on new developments related to these allegations are on … For instance, the Chinese stablecoin, the digital yuan. Stuart Hoegner, General Counsel at Tether, shared in an email with Crypto Briefing: “The documentation released today proves yet again that Tether is fully backed, and we look forward to continuing to share this information on a quarterly basis.”. Also, say if regulators put pressure on Tether’s banking relationships, it would likely continue to trade just as Mt.Gox coins did in a secondary market. Thanks to a tweet from @whale_alert, the crypto transaction tracker has posted the evidence of the reallocation of 70,000,000 USDT (equivalent to roughly $69.9 million at press time). Are inflation risks a real concern or nothing but hype? [Twitter; press release; reserves breakdown, PDF] The information on this website is subject to change without notice. To wire money from a bank often takes a minimum of three days unless paying huge charges. https://t.co/K1lRi59R4N, — Stuart Hoegner (@bitcoinlawyer) February 5, 2021. He’s been accused of allegedly providing Tether and Bitfinex with shadow banking. ... Bitcoin, and other money owed to Tether. Tether’s origins are steeped in controversy and in the world of crypto it’s taken a while to establish its footing. Speaking to Coinbase earlier this year, CTO of Tether and Bitfinex, Paolo Ardoino, said: “We’re not sure that anyone could have foreseen this level of growth and use cases of tether at the very beginning. Tether’s latest accounting report reveals that the majority of its reserves are composed of liquid assets in the money market and short-term debt securities. It also alleged that Tether misrepresented maintaining adequate reserves of one US dollar for every one Tether coin. App is designed for Android phone & tablet, … However, an external audit conducted earlier this year revealed that the stablecoins are fully backed by … USDT is the world’s most liquid stablecoin; its supplies surpassed $50 billion on Apr. Independent account firm Moore Cayman attested the report as “correctly stated.”. The 50 billionth USDT token has been minted, Tether has confirmed. It is a leading household name in the fast-changing crypto market. Friedman LLP has been engaged to perform historical balance sheet audit procedures for Tether Limited. Some even have called it “the central bank of crypto trading.” Before we go any further, it is important to note that although many people incorrectly associate one tether with one U.S. dollar, in reality, the Tether platform does not support just the U.S. dollar. Tether Is Back The... Tether heads to Ethereum’s Layer 2 via Hermez Network. This is a great App for fans we add unique TXT Wallpapers | Full HD Backgrounds and it is a Wallpaper Store for user where they can experience best handpicked backgrounds and creative wallpapers. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. You will have no right to complain to the Financial Ombudsman Services or to seek compensation from the Financial Services Compensation Scheme. It’s the first such attestation from Tether in years, and it hasn’t exactly reassured the skeptics.. — Tether (@Tether_to) February 23, 2021 NYAG in its official statement said, An agreement with iFinex, Tether, and their related entities will require them to cease any further trading activity with New Yorkers, as well as force the companies to pay $18.5 million in penalties, in addition to requiring several steps to increase transparency. Alas, the moment many of us have been waiting for, the great crypto boom of 2021. That’s because it’s centralized whereas cryptocurrencies like Bitcoin are decentralized and can take longer to settle. Therefore, it’s difficult for anyone to predict where each coin will be in the coming years. But controversies have surrounded Tether over the last year where it … if(window.strchfSettings === undefined) window.strchfSettings = {};window.strchfSettings.stats = {url: "https://value-the-markets.storychief.io/en/tether-usdt-stablecoin-crush-bitcoin?id=119442278&type=2",title: "What is Tether? However, Tether has run into a great deal of trouble. In a podcast hosted by Peter McCormack, Stuart Hoegner, the General Counsel of Bitfinex—an exchange closely related with Tether Limited, revealed that the official issuer of the USDT stablecoin, Tether Limited, might get audited.Assets backing the token could, therefore, be revealed at an unspecified time in 2021. Tether has published a report containing a full breakdown of its reserves. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. However, the last audit of the accounts of the company Friedman conducted in September last year, while clarifying that this was only a partial audit, not affecting some aspects of the storage conditions of funds. So far, U.S. regulated firms in Circle … The attestation provided by Moore Cayman is an independent account service whose lenses were on Tether Limited’s company controls and processes. The usual state of play is to use a VPN to set up a crypto trading account. Hiding losses: In 2019, New York Attorney General Letitia James accused the parent company of Tether of hiding an $850 million loss by dipping into the Tether currency reserves. As of 2021… There were claims that the USDT coins are not fully backed by fiat currencies. — As of March 31, 2021 … Tether is the first stablecoin issuer to publish a detailed report of its assets. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system.”. Share Tweet Post Email You don’t have to dig deep to find reasons to question the stability of stablecoins. But that eventuality doesn’t necessarily mean it will favour Tether. And USDT token, which is also an ERC-20 token, is backed by US dollars in 1:1 ratio and is believed to be maintained by this team.. New York Attorney General Letitia James said: “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines, Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. The fiat-backed stablecoin Tether plays an increasingly important (and controversial) role in crypto trading. The whisky industry is dominated by giants with instantly recognizable brands, but should you be investing in them? Being that it’s Hong Kong based, and US-Sino relations are far from perfect right now, there’s a good chance an alternative stablecoin could become the token of choice. An academic peer-reviewed paper published in 2018 set out to investigate whether Tether influenced Bitcoins rise in the 2017 crypto boom. Tether is exceptionally popular in Asia. BTC is about $400 lower on GDAX/Coinbase than … Despite it being backed by the blockchain technology, Tether is surprisingly less transparent than its crypto counterparts. Tether’s settlement with the NYAG in February requires, among other things, that Tether publishes a breakdown of its reserves at least quarterly. But is it simply a miscommunication or an ominous sign? Tether, which claimed at launch that each tether was backed 1:1 with USD, releases a breakdown of its reserves, revealing that only 3.87% are in actual cash — Quick Take — Stablecoin issuer Tether has revealed a breakdown of its reserves. Joining him was Paolo Ardoino, the CTO of Bitfinex. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. Download white paper. . An audit by proper accountants! It is a fiat-collateralized stable cryptocurrency, meaning, it is backed by fiat currency in a 1:1 ratio. Real Estate investor and former NFL lineman Reggie Fowler was arrested by the Fed for operating an illegal crypto banking scheme. USDT makes up more than 99% of the total liabilities. Assurance Opinion Confirms @Tether_to’s Reserves Fully Backed; Company Shares as Part of Ongoing Transparency Commitment, Assurance opinion: https://t.co/MqJCsSk8uD. 18/03/2021. Free Australian Stock Exchange share prices and cryptocurrency prices. A report that claims to be a breakdown of Tether’s reserves dropped at 12:00 UTC Thursday 13 May 2021, outlining the reserves as at 31 March. In a podcast hosted by Peter McCormack, Stuart Hoegner, the General Counsel of Bitfinex—an exchange closely related with Tether Limited, revealed that the official issuer of the USDT stablecoin, Tether Limited, might get audited. Tether & @Bitfinex have reached a settlement with @NewYorkStateAG.After 2.5 years and 2.5M pages of info shared, we admit to no wrongdoing and will pay US$18.5M to resolve this matter. Nevertheless, there are still several red flags surrounding Tether so it seems unlikely that it will rise up and displace Bitcoin anytime soon. Chinese citizens can’t legally buy Bitcoin, so they have to use cloak and dagger tactics. Back in 2014 the supply was under a million dollars, it surpassed this in 2016 and by early 2018 had reached $1.4 billion. "FAQ." Another reason for heightened USDT activity in Asia is a practice called shadow banking, which is commonplace. According to Tether, the company has $ 2.2 billion in its bank account, which corresponds to the volume of USDT tokens in circulation. Joining him was Paolo Ardoino, the CTO of Bitfinex. According to CoinMarketCap today, Tether is the fifth largest cryptocurrency by market capitalization. Accessed 21, 2021. He states: “We require a security audit of the blockchain itself and a token management of the blockchain. This attestation by an independent accountant—a member of Moore Global, one of the largest accounting networks in the world—re-confirms our long-stated position that all Tether … Tether (USDT) has announced it will be the first stablecoin cryptocurrency to run on the Polkadot (DOT) network. We do not give personalized investment advice or other financial advice. I wrote a quick article this morning about the New York attorney general settlement, wherein Bitfinex and Tether agreed to pay $18.5 million in penalties, stop servicing New York customers, and submit quarterly transparency reports.. FSS Sticks Its Neck Out for Tether. Following a week of scrutiny that its stablecoin, Tether, was used to artificially inflate Bitcoin’s run to $20,000, Tether Ltd. might be in the clear.A financial review conducted by the law firm Freeh, Sporkin & Sullivan LLP (FSS) claims that each USDT is fully-backed by an equivalent USD reserve. The content of this site is intended to be used, and must only be used for information purposes only. That means, there should be a corresponding $1.9 billion tucked away in one or more bank accounts somewhere. Tether, one of the most ... it hit another hurdle as the necessary audit to ensure that the real-world reserve is maintained never took place. Tether says its reserves are backed by cash to the tune of . After trading losses, traders began to doubt whether Tethers were indeed fully backed with … Tether & @Bitfinex have reached a settlement with @NewYorkStateAG. Dear Partner: The Greenlight Capital funds (the “Partnerships”) returned -0.1%1 in the first quarter of 2021 compared to 6.2% for the S&P 500 index.. For a quarter in which we made only a handful of portfolio changes and essentially broke even, a lot happened. Information and CEU opportunities can also be found at the CPS Board website. The first question concerned how Tether makes USDt secure. Today USDT has a whopping $44.5bn market cap. I believe that there are a multitude of reasons as to why we are seeing the great crypto boom of 2021. Ex-Tether … April 16, 2021, 7:34 AM EDT LISTEN TO ARTICLE. The two sides reached an $18.5 million settlement in February. Then there’s DAI which defies logic by pegging itself to Ethereum. 1/3 — Tether (@Tether_to) February 23, 2021 . In fact, as of February 2021, 57% of all Bitcoin trading was carried out in USDT. In the past 24 hours (at the time of writing) Tether has generated volume of $105 billion. The reasons are stability, liquidity, and cost. In fact, the main worry is that evidence will come to light that Tether created large amounts of USDT out of thin air. Trust in USDT has picked up in recent weeks, after the Moore Cayman audit and a surprise Coinbase Pro listing. But its convenience and ease of use is propping it up and that’s unlikely to change unless there’s an obvious loss in its peg to the dollar. [Twitter; press release; reserves breakdown, PDF] But there are more details to highlight. There’s also since been an independent audit conducted into Tether’s transparency and it concluded it to be fully backed by US dollar reserves, further easing concerns. Many Bitcoin bulls claim it to be the digital equivalent to gold, but Bitcoin’s volatility is historically more unpredictable than gold. So Tether may have been backed for a minute. Friedman agreed to perform consulting […] And now that a settlement has been reached, concerns are diminishing. In our case, USDT coin price is pegged to the current price of USD, hence the name. EQTEC unveiled it had acquired and intends to recommission a waste-to-energy plant in Italy, a plant powered by the company’s own technology. ... 2021. However, as the amount of Tethers in circulation has increased substantially in recent months, we have also asked Friedman to analyze our bank balances and our issued and outstanding token balance on an interim basis. Also, say if regulators put pressure on Tether’s banking relationships, it would likely continue to trade just as Mt.Gox coins did in a secondary market. All investments can fall as well as rise in value so you could lose some or all of your investment. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. Kirsteen Mackay currently holds a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article. Stablecoins have become a popular mainstay of the cryptocurrency markets because they offer liquidity and stability. Bitfinex and Tether have come out in the press and promised an accredited audit to squash these concerns, calling the claims slander and dismissing any allegation of wrongdoing on their part. See our online documentation for in depth … Tether is the first well-known stablecoin which started in early 2015. It used $750 million of this, which the NYAG allege was a coverup for the $850 million of customer funds it lost. 1/3 — Tether (@Tether_to) February 23, 2021 And now the legal battles have been partially dealt with, USDT has further credibility and staying power. However, some clarity/a conclusion was reached in February 2021 when Tether and Bitfinex reached a settlement with the New York Attorney General’s Office. The information included in this article is based solely on information provided by the company or companies mentioned above. (USDT)",id: "9a5a3e8e-d146-43e6-8d39-1c4530168f7a"};(function(d, s, id) {var js, sjs = d.getElementsByTagName(s)[0];if (d.getElementById(id)) {window.strchf.update(); return;}js = d.createElement(s); js.id = id;js.src = "https://d37oebn0w9ir6a.cloudfront.net/scripts/v0/strchf.js";js.async = true;sjs.parentNode.insertBefore(js, sjs);}(document, 'script', 'storychief-jssdk')). Just a couple of weeks after we saw $200 million in Tether tokens transferred between crypto exchange, from Bitfinex to Huobi, another $70 million has moved out today from the Tether Treasury. Joining him was Paolo Ardoino, the CTO of Bitfinex. The platform then allows users to download these reports so they can integrate the data into programs like TurboTax and TaxAct, or send them to a tax accountant. Audit definition is - a formal examination of an organization's or individual's accounts or financial situation. Tether is a so-called stablecoin. Should you be investing in these ‘giants’ of the whisky world? Although Tether is pegged to the US dollar, other stable coins have appeared tied to alternative stable assets such as palladium and gold. For this reason, some consider Tether a ‘partial reserve stablecoin’ – one that does not have the full backing of the USD. This website is a news website only. In settling, Bitfinex and Tether agreed to pay $18.5 million, cease trading with New York residents and entities, and provide quarterly transparency reports to the NYAG. This is likely to lead to a regulatory framework that includes stablecoins backed by the banking system. For example, Paxos Gold (PAXG), is backed by physical gold. Yesterday, stablecoin issuer Tether released an attestation regarding its reserves—the amount of assets that “back” each coin. Tether settled its case against the New York State Office of the Attorney General (NYAG) for misappropriation of funds and probing into assets backing the stablecoins issued by Tether. The certification is issued by TÜV Nord that has made an independent third-party audit of the Cetetherm AB management system. Get daily crypto briefings and weekly Bitcoin market reports delivered right to your inbox. It would skyrocket as Tether holders convert $24B of Tether into Bitcoin. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. This surely shows many people are keen to support Tether. Inflation concerns are making investors nervous.
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