Topic: Tether and BTC's current price - page 2. (Read 237 times)
BTCCorrect me if I'm wrong, but in my understanding, Tether (USDT) is kinda like a digital dollar, but in reality, it is not backed by the federal reserve, but it functions as if it was as it can be issued regardless of any protocol restrictions. In 2017, rumours spread around the community saying Bitfinex was issueing Tether like if there was no tomorrow. So, my question here is, how is the issuance of USDT is managed and controlled and could someone "print" a lot of Tether out of thin Air and use it to inflate Bitcoin's price?
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