Bitcoin Gains Correlate With Tether Issuance, Researcher Says

[DaveWave]

Set aside the controversies and suspected irregularities of Tether, it is good for crypto currencies. Tether volume is in billions, if Tether was not created then maybe we are still in the year 2015.

Minting more supply on Tether could also means Bitfinex dumping more of its crypto assets into US dollars. Proper audit should be done too to clarify all these theories circulating online. Because a growing bad reputation on Tether means most of its users will be forced to cashout into fiats and will leave the crypto market for good which can have big effects on the market volume and stability.