Stablecoin Tether Incurs Scam Accusations Following USDT Drop

Stablecoin Tether Incurs Scam Accusations following USDT Drop

Tether incurred severe criticism after its supposed stablecoin USDT lost its value against the U.S. Dollar. On Tuesday, the USDT/USD dropped towards 0.95 across several cryptocurrency exchanges, stirring panic among investors who were arbitraging between the crypto-assets. On the same day, a new report surfaced about Noble Bank, Tether’s banking partner, revealing its poor financial health.

What do you think?

0 points

Written by NEWSBTC

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to ...

Content AuthorYears Of Membership

Leave a Reply

New Crop of ‘Regulated’ Stablecoins are Trading at a Premium to Tether

14 Italian Banks Complete Interbank Transactions on R3 Blockchain Corda