Important for each trader
A lot of questions in the meantime hover over what is happening between the US financial authorities and the giant platform BITFINEX about the total number of USD Digital USDT.
The USDT
Anyone who calls it a currency is mistaken, or calls it a digital dollar. It is wrong. Originally from the time the US watches any currency that wants to take the name or designation of the digital dollar, it is important to know that the USDT is really just a Token based on an intelligent 2.3 billion Token contract BitFinex under the name Us dollar Tether
Tether took the lead on the grounds that it was the company that led the industry, saying Token, not a digital currency. Many people did not know that after BITFINEX had put up the market and built it from other platforms, it had to guarantee real dollar deposits for every dollar.
An audit firm named Friedman was appointed, since an audit firm discovered that there were no financial guarantees for the plant, and that the total number of the plant exceeded the estimated product number of 2.3 billion pieces. With the currency of BITFINEX and through Tether to terminate its contract with the control and audit company, and BITFINEX reauthorizing that the Token has an equivalent of real dollar deposits, important in the latest news today the US financial authorities sent a delegation to the giant BITFINEX to verify the deposit order, To meet the needs of Market, and that is discovered. If it was a hoax is not a disaster, but it will solve us.
About half of your capital for Bitcoin, Ethereum and Litecoin, the bad news about the USDT is possible to be riddled like bitconnect, so it will be hysterical selling for the dollar against the Bitcoin and the classic currencies, which will rocket up due to purchases.
Another thing, the biggest beneficiary if the USDT is the Bitcoin personally, we will see the real strength of the currencies that boast of the arrival of this dollar and dollars because of the rise of Bitcoin for a dollar and today this dollar fell, because of the descent of Pitcuain also.
Only a scenario that can occur does not exceed 10%
I believe USDT is backed by real USD, but Tether need to be more transparent.
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