USDT has been in doubt, or the us CFTC has revealed the truth.
Recent Tether (USDT issuers) and stand on the matter, has revealed that Tether in December 6, received the commodity futures trading commission (CFTC) summons, not only did not stop, instead, to speed up the issue of the USDT, reportedly now more than a third of the Tether USDT supply is having received a summons issued after.
February 6, not only that, the United States senate will hold a hearing about the digital currency, CTFC major leaders will attend the hearing, and it is to strengthen the monitoring of Tether, so whether USDT super hair may be covered by the CFTC finally uncovered the truth.
In addition, as you know, The recently encrypted currency trading market is in The midst of a bear market, and an anonymous Report titled "The Tether Report" on The Internet said that there was a strong link between The issuance of USDT and The rise and fall of BTC prices. , according to the report in the March 29, 2017 - January 4, 2018, between USDT, $91, while 48.7% of BTC prices had occurred in USDT issue after 2 hours, and it also has links with Bitfinex, Bitfinex top-up/withdrawal data problems. If the problem described in the report is confirmed, the recent collapse in bitcoin may also be linked to the USDT's overshoot.
In a word, the USDT is a digital currency that has been pegged to the us dollar, which is a common currency, and the crisis of confidence has emerged again. A lot of the USDT recently issued by Tether has been questioned by many, whether it is guaranteed to store a corresponding amount of us dollars in the bank. The value of the USDT would be zero if the Tether violated the USDT and received no dollar support.
In this incident, Bitfinex CFO Giancarlo's response to the Tether reserve requirement in Bitfinex's shareholder group:
- If Tether had a problem, how could it be a 1 percent premium?
- When Popper asked, the people in our team never failed to sing, and he cited the words of former Goldman sachs investors.
- There is no change in Tether. Bitcoin is down 15%. Who is the target of this libel action?
- All the people who speak for us and the media are accused of being water troops;
Who has benefited from this series of events needs to be seriously considered.
On January 19, in addition, according to the digital currency industry famous investors Zhao Dongwei bo: just now, and the old cat in Giancarlo (CFO) BFX boss, room watching the Tether and bitfinex us dollar account, the account of the Tether. There are 18 x $11 bitfinex account. $x. Two dollar accounts plus $3 billion, excess reserves. Completely dispel all the rumors about USDT.
All in all, it is hard to confirm whether the USDT has a superhair. Because Tether is not a public account holder, the evidence and Revelations of its interests are unconvincing. But the author believes that there is no smoke without fire, and at least Tether has not been able to provide clear information. The most reliable route, perhaps, is to wait for the CFTC's final findings and disposal.
If this is true, the USDT will lose its credibility, and investors will sell the USDT, bringing the value of the crash to zero. But for the whole encryption monetary circle, USDT only as an intermediate tokens, and total value is not high, less a USDT will not cause too big effect, will have corresponding substitute appear immediately. Finally, the individual does not suggest that the current situation should not accumulate USDT.
I hope all the bad news is over.
Let's fly to the moon again.