The Issuer stablein USDT Tether was released into circulation an additional amount of tokens in the amount of $50 million. According to statistics, Omni, Explorer, injection occurred on Saturday, August 11.
For the last 30 days Tether capitalization fell by $300 million: according to the schedule CoinMarketCap, in mid-July, the USDT market was estimated at $2.7 billion; currently, the value ranges from $2,43 to $2,46 billion.
In the ranking of CoinMarketCap cryptocurrency asset is in second place after bitcoin by volume of daily turnover reaching $4.2 billion (~29% of all trading transactions with the cryptocurrency). Transactions with BTC is 39% of the total volume in the last 24 hours.
During Saturday’s jumps quotations Tether remained one of the few assets with stable price indicators on the market — despite the decline in market capitalization.
As a possible reason the number of media outlets called the low credibility of the Tether. In June, scientists from the University of Texas at Austin presented a study that indicates the use of USDT to support the price of bitcoin. A week later the company gave the report of the independent auditors, confirming that the token is actually provided in US dollars. Part of the crypto community doubts the veracity of the document, as Bank audit Tether was conducted by the lawyers and not the accounting company.
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