Maybe Tether Doesn’t Plan to Quit the Stablecoin Market After All

Tether announced today that it’s issuing USDT on the TRON blockchain. As Tether writes in its own blog post on the subject: The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (dApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network. TRON is only the third blockchain on which Tether has issued its stablecoin. Late last year, various actions by Tether Limited got people thinking that maybe the company was exiting the market altogether. For one thing, their actual redemption fees are huge post-Bitfinex exclusivity. For another, they were seen quietly arbitraging and

The post Maybe Tether Doesn’t Plan to Quit the Stablecoin Market After All appeared first on CCN

News – CCN

With the Tether news and Bakkt launch delay, it seems indicitative that the sell-off that started on Nov 18th appears to be inside trading.

So, basically business as usual.

I still don't buy that we lost 1k (20%) in total asset value because of a shitcoin hash-war. The more bcash suffers, the more likely that miners are going to abandon the shit show clown car and hop over to bitcoin to preserve ROI.

It seems much more readily apparent that the bigger fundamental news of Bakkt + DOJ Investigation into tethers is what caused this market spook.


submitted by /u/Cryptolution
[link] [comments]
Bitcoin – The Currency of the Internet