Joseph Lubin is not Sure that the Charges in Tether Address are Justified — Coinzdaily

One of the founders of Ethereum, Joseph Lubin, said that he does not believe in allegations of manipulation of Tether (USDT). The announcement was made during the Yahoo Finance round of funding on August 28.

We remind that Tether is the first Blockchain-platform, which allows tokenize crypto-currencies on the basis of traditional currencies.

After the release of data obtained by analysts at the University of Texas, Tether was accused of manipulating prices, saying that the company provoked a surge in prices for cryptocurrency at the end of last year when Bitcoin’s cost reached $ 20,000.

Despite the fact that many experts are sure that Tether provides untrue data about its assets, Lubin expressed doubts on this issue. The founder of Ethereum noted that “based on our analysis, which involves just talking to a bunch of people in the space, we do believe that are backed 1:1 by U.S. dollars in bank accounts.” Also, he said:

“…with respect to market manipulations, I’m not sure that market manipulations are related to Tether directly, if they do exist. It has been an unregulated market set of exchanges that enable big players to do what they want to do Ideally we’ll get a little better regulation of those centralized exchanges at least.”

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