Post
Topic
Board Bitcoin Discussion
Re: The bigger bitconnect: TETHER
by
dizzylight
on 26/01/2018, 08:06:01 UTC
Not good. It's banal. Minted tether mostly probably goes to new coins.

Good article

http://fortune.com/2017/12/05/bitcoin-btc-price-usd-tether-limited-bitfinex/

The exchanges, for their part, should offer better transparency. If Bitfinex isn’t acting out of self-interest, it is in the exchange’s best interest to explain its actions fully: why new USDT are being printed, what they’re backed up by, and the like. Vagueness raises justifiable suspicion, but only on the part of those who understand the market dynamics at play.