Bitcoin Forum

Tether has released a fresh 'mint' of tether worth 50 million$, In the past (2017) this has correlated with positive price action for bitcoin and subsequently altcoins. They were released on 11th August ,2018 according to OMNExplorer. It usually should mean a corresponding bank deposit in fiats.Could this mean some good news for the market?


Credit: https://cointelegraph.com/news/controversial-stablecoin-tether-issues-new-batch-of-usdt-tokens-worth-50-million

Tether is a good and reliable wallet. And looking at the information in the post, it has written good news all over it for the market as well as for the people in the market too.

More release of tether means more adoption by the mass public. This will certainly be a good thing since tether is one of the most highly stable cryptos out there. But there has been lots of controversy going around tether and we have seen some suspicious transactions made with it.

Tether isn't a wallet.

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Tether is a stable coin that you can convert that is equivalent to dollars.

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You are basing to the post but you don't have assumption and idea on what tether really is?

what is 50 million for the market?
This amount does not affect the price movement, it is too small. In addition to the flow of finance, a positive mood in the market is required, so that the holders do not sell their assets.

Tether is a great altcoin as it can be converted into fiat money through banks. The situation crypto currency market is facing needs a coin that can relax the market and increase the price of other coins also. And Tether coin can do exactly that.

I don't think it will be reflected in the market in any way. This can be taken as good news, but in reality no consequences will occur.

We have seen such news in the past with no significant impact on the market, I think the little movement in the alts market is as a result of normal price action followed by the huge market reversal all along, nothing special

This is an example of shit post where posting or saying up things without even knowing on whats Tether. A wallet? You gotta fkin kiddin me.

A common news and I don't see much effect of this supply add up.

Crypto currency market is in a deserted position now and many users are in worried for the fall of price. In this situation releasing more Tether coins is a good news for the users. This coin can be converted into fiat coins through banks.

Yes it is great news for the crypto currency market where prices are decreasing rapidly. Tether coins are usually convertible to fiat coins through banks. As these coins are releasing more, it will be a relief for crypto currency users as they have faced losses few days ago.

I was like eff eh? after reading that.

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I'm neutral and won't say a lot with this but everyone is only thinking that when this will be done, there will be an increase to price just like what it did last year.

TETHER easy to convert on fiat and recently it's gain some popularity and still they are improving and hopefully it's will be user friendly.

That's a good signal for all coins and Maybe we can see the increase of bitcoin and altcoins in the capital market in this September and October .
I think that the price is at the bottom and some big pumps will happen at the end of this month.

I think this news has no connection and will not affect the market. Tether prices will also not rise or fall, because tether is a stable coin.

As long as they keep things dollar for dollar Tether will be a top coin for all of time.  They are the #1 stable coin just like Bitcoin is the #1 coin and cannot take be taken over no matter how great the new technology is. 

TETHER is one of the wellknown crypto now-a-days and they released new coins on market and if they are reliable then that's must be a good news for current market.

This this should be a good news for the current market hope. And it will be improve more in future and make it more reliable to its holder.

That’s a really good news for the market. It has helped to gain the price of bitcoin & altcoin and I hope it will do the same this time too. Let’s hope it happens very soon.

I think that's a good news. Tether currently holds the second position after Bitcoin in respect of highest daily trading volume. According to omniexplorer, Tether has issued new tokens of worth 50 million dollars which will bring a good impact on the market I guess.

This does look like good news for the market as well for the investors. Let's see what Tether will bring to the market.