The Tether (USDT) digital asset saw another selling spree on Kraken, which temporarily depressed the price to $0.95. This event added to the fears surrounding Tether after allegations surfaced that Noble Bank had dropped Bitfinex and Tether as its clients.

https://twitter.com/150c_vapour/status/1047198949407432704

These fears spring from doubts whether Tether has any recourse to legal banking at all to fulfill the promise of dollar backing.

https://twitter.com/djangobits/status/1047339294417977344

The movement of USDT is also puzzling to the crypto community. On October 3, Bitfinex saw significant inflows of USDT, climbing up on the Tether-rich list. Previously, Bitfinex was way down in the charts, …

This article appeared first on Cryptovest

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