Ethereum co-founder and head of startup ConsenSys Joseph Lubin in the framework of participation in the program of the Final Round declared that doubts in manipulating the price of bitcoin using stablon Tether.
“I’m not sure that these manipulations are directly connected with the Tether, if they exist at all. It was the unregulated market in which a number of stock markets allowed the big players to do whatever they want. We need more effective regulation, at least centralized trading platforms”, — said the co-founder of Ethereum.
Note that in June of this year a study was published the University of Texas at Austin. The document States that the increase in the price of bitcoin is largely dependent on the cryptocurrency Tether throughout 2017.
Many community members doubt that stabilin USDT fully secured us dollar. In Tether argued that the required amount of Fiat currency is contained in the company’s Bank accounts, but did not disclose the names of the partner banks.
“According to our findings from conversations with many representatives of the industry, we are confident that each token USDT backed by the US dollar. However, it still cannot be considered absolute proof”, — said Lubin.
Previously, the Joseph Lubin expressed the opinion that the cryptocurrency market has already had six bubbles.
We will remind that in the beginning of last week with treasury-of the company’s purse Tether to the address of the exchange Bitfinex was translated an additional 100 million tokens USDT that presumably led to the growth of bitcoin prices up to $6700.
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