Being around Bitcoin since 2013. There is never a shortage of FUD drama like the Tether. Especially all the claims by that Bitfinex'ed twitter guy.
All the claims and it was all circumstantial evidence. Nothing solid.
The reason why tether spiked up massively in 2017 was because the price of BTC and other cryptos grew. The crypto market cap went from $20 billion to $800 billion in less than a year. Obviously there are early adopter that want to take profit. Some took profit in USD, EUR,GBP but some took profits in USDT. So the higher the crypto marketcap went the higher the tether market cap went to make enough supply for everybody wanted to cash-out.
All the claims and it was all circumstantial evidence. Nothing solid.
The reason why tether spiked up massively in 2017 was because the price of BTC and other cryptos grew. The crypto market cap went from $20 billion to $800 billion in less than a year. Obviously there are early adopter that want to take profit. Some took profit in USD, EUR,GBP but some took profits in USDT. So the higher the crypto marketcap went the higher the tether market cap went to make enough supply for everybody wanted to cash-out.
I am not so sure I don't think enough time has passed to see if this last bubble was completely free of a tether push we will see in the coming year.