Today, January 15th is a crucial day for crypto market as the conspiracy around the use of USDT stablecoin by Tether and its alleged relationship with crypto exchange Bitfinex is catching up the heat. Tether is once again in the limelight because the stablecoin issuer has pumped an additional $4.2 billion worth of USDT coins in the market over the last month.
The Tether Conspiracy and Bitfinex’s link?
Now, the demand for stablecoins on the exchanges has surged massively due to the huge trading volumes following the recent market rally. However, this brings us back to look into the fact that whether institutional investors are really behind this Bitcoin price rally, giving rise to the conspiracy about Tether’s involvement in pumping BTC by sourcing the USDT coins during the crypto market rally in December 2017.
Now, you might be wondering what’s so special about today? Before we speak about it, let’s take a look at the timeline of events from the past.
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