"Tether has long been the subject of public controversy and accusations of fraud, driven by the contention that USDT isn't fully back by reserves and is used to manipulate cryptocurrency prices."

"According to data collected by The Block, there is more than 25 billion USDT in circulation today."

Deltec, the bank for stablecoin issuer Tether, bought 'large position' in Bitcoin for clients

#bitcoin  #Deltec #Tether #USDT $USDT #iFinex #Bitfinex

https://www.theblockcrypto.com/linked/91353/deltec-bitcoin-position-tether