Tether coin Released $250 million token in USDT

According to the Omni Explorer, the most stable coin Tether (USDT) which has always been in controversy since beginning has issued 250 million more USDT tokens in the market today, June 25. USDT token claimed by its creators to be backed by one dollar for each token issued that means USDT is equivalent to US dollar which purports of having a 1:1 relationship.

More recently a study was compiled by the University of Texas and claimed that the price of Tether coin had been behind Bitcoin price manipulation But it was clearly denied by the Tether CEO and He said that Tether is the only coin which is independent and the most stable in the market today.

This year at the end of march, Tether had issued 300 million tokens in the market, leading to small price increase in Bitcoin. So in response of releasing 250 million USDT token today, investors are hoping that the crypto market will go high again.

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