Kraken CEO Defends Tether: Claims USDT Did Not Artificially Boost Bitcoin

In 2017 and 2018, analysts across the board accused Tether, the stablecoin provider, of manipulating markets by printing USDT, one of the highest traded crypto assets.

A seminal report from an American school suggested that the cryptocurrency firm, which admittedly has a checkered history, managed to drive Bitcoin to $20,000 by issuing the aforementioned stablecoin.

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