The Tether controversy never ends.  People are continuing to ask for evidence to prove that USDT aren’t printing out of thin air. Some of them keep guessing that if there will be a currency crisis that Tether will go down with it.

Critics feel that they are not being transparent especially when they are not able to get the answer for the question of how they got bitcoin in their reserve.

Anyone, who has the ability to print money has got the power. And the power of Tether many feel is because of it.  And, some even call it centralized blockchain.

There are also comments which express that Tether has been artificially inflating the entire crypto market. However, when talking about the blown up FUD, some level-headed investors have to state: I don’t think the Tether FUD is as bad as some of the fear mongerers make it out to be, but am absolutely convinced after listening to Stuart that there’s something shady happening right now. Where there’s smoke there is fire.

Some feel that if Tether fails, it will strengthen Bitcoin on the long run. Maybe there be a short dip, but that’s an opportunity to buy.

Investing in crypto is now getting to the list of every wise individual and all of them are curious to know lot of things before they can put their money in to it.

Apart from the USD reserve issue, critics have to state that if they have the ability to print something like Tether, they can buy the BTC and pump it, and when BTC rises they can sell and make profit.  This they say because they feel that Tether are exactly doing this.

However, supporters claim that the reality is you have absolutely no proof that anything is shady, and that the market signals suggest that the printing of Tether corresponds with new fiat coming into the market, especially when you look at exchange volumes.

Some feel they have already crossed the red line when they admit reserves can consist of assets, investments and their returns. Also, suggesting that basically they are gambling on Bitcoin’s price going up and further using the profit as reserve. Trying to justify the opinion, they point to:  what happens if BTC stops being bullish and people want their money? Further stating, that is exactly why they were so stressed in October 2018.

In the end, one of the them stated Tether has the same destiny as the US dollar!

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The TCAT team.