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Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Malam90 on January 15, 2021, 04:52:35 AM

Title: Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC.
Post by: Malam90 on January 15, 2021, 04:52:35 AM

Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that Bitfinex is engaged in a conspiracy to pump the price of bitcoin. Source Link (https://news.bitcoin.com/bitfinex-executives-deny-allegations-of-issuing-usdt-to-pump-btc-tether-backed-by-cash-assets-and-a-loan/)