Finance News
By Steven Anderson
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Tether (USDT) and Clarity on Stable Coins
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Stuart Hoegner, GC at Bitfinex and Tether to pointed to how much of the critical analysis about the relationship between Tether and Bitcoin relies on a since-debunked paper by…
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He openly calls to those of them who are reading the criticism about the stable coins like Tether (USDT) as being responsible for the price of Bitcoin rally.
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In this regard, Sydney Ifergan, the crypto expert tweeted: "In reality, statistics reveal a lot about Tether and Bitcoin, there is no need for critics to be active participants…
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It is true that it takes experience to understand the dynamics at play, but for someone with brains and mathematical knowledge, and predictive skills there is really no need to…
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It looks like Stuart Hoegner likes to establish that there is no casual leading relationship between Tether issuance and the price of Bitcoin.
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He stated, “The truth is that the creation of Tether and other stablecoins (the supply of non-Tether stablecoins is over $5B today) should be understood not as purchases or…
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The clarity that Stuart Hogner wants to establish goes thus. He states that Stablecoins are created anytime an entity with fiat on their balance sheet is looking to access…
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Firms which denominate their balance sheets in stablecoins or hold stablecoins as working capital are the market makers, proprietary trading firms, exchanges, venture capital…
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When the expenditures are denominated in cryptocurrencies, several firms transform their balance sheets from the commercial bank dollars to the tokenized dollars, which are…
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He also establishes that the growth in stablecoins is positive for Bitcoin, not because of the conspiracies around unbacked issuance, but simply because it means that the…
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