According to Wu Wenfa a postdoctoral fellow at the Wudaokou Finance College of Tsinghua University the data shows that the continuous issuance of USDT is accompanied by the increase in bitcoin prices. The need for market participants to stabilize the value of the digital currency has spawned the stable USDT which is also the main selling point for the USDT. According to empirical tests the issuance of USDT is based on the willingness of the issuer to supply which also deepens doubts about the issuer's manipulation of the market. The authors speculate that one of the reasons why the Tether issuer used the USDT to push up the price of Bitcoin was to get the US dollar at a high level and then use it to make up for its insufficient reserve. If this guess is true then the price of Bitcoin will fall significantly or decrease in the two days at the end of the month.
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