Tether

[AndrewChan]

The Saturday release of additional Tether USD (USDT) tokens for $ 50 million coincided with a sharp jump in the price of bitcoin by about $ 400. It is noteworthy that this transaction almost coincided with the sudden appearance of a large green candle on the chart of the BTC / USDT pair of the Bitfinex exchange. Many users of social networks are convinced that the funds went directly to the purse of the exchange, and one of the crypto-enthusiasts believes that this way there is a protection level of $ 5500, the breakdown of which threatens to collapse.
Bitcoin BTC to Tether USD Exchange / HitBTC
Bitcoin live price. Check coin market cap of BTC coin

 

[Old Man Crypto]

Crypto enthusiasts hope to replace inflationary currencies like the dollar, which can be printed at the whim of governments.

Along comes Tether to confuse and confound the space. And tokens, and new coins, and so on...