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Tether Is Now Able To Freeze And Destroy Your USDT Coins: Report

Tether is now able to freeze and destroy your USDT issued on the Ethereum and TRON blockchains after the company recently reversed a $1 million transaction which failed to reach the Swerve DeFi platform as we reported in the Tether coin news. New information was revealed about Tether’s ability to reverse the USDT transactions according to reports by the Block. The user of the DeFi platform Swerve sent $1 million worth of USDT to the application and the lost access to that money. The news eventually reached Tether CTO Paolo Ardoino who offered to recover the USDT transactions for the…

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Peter Brandt Warns: “Tether Is An Accident Waiting To Happen”

Peter Brandt warns against Tether’s USDT saying that “Tether is an accident waiting to happen” as he posted on his Twitter profile in a response to another post about the market cap of the coin and the total crypto industry’s market cap with the overall digital asset volume. We are reading more about it in the latest Tether news today. He added that Tether is in the same class as national currencies: “Tether is just another fiat currency.” It’s still unclear whether or not Brandt feels like the asset’s riskiness lies in the fiat currency status or in its checkered…

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Minting Again: Additional $540 Million USDT Minted During BTC Rally

Tether is minting again, introducing an additional $540 million coins today and over a half a billion in the past three days while Bitcoin is in a rally as we are reading further in the latest Tether news. The Tether treasury is minting again as the Bitcoin price rallied above $11,000 and Whale Alert said that $300 million was created today on the TRON network after the two previous mints on the Etheruem network over the past three days worth of $120 million. Crypto exchange Bitfinex and the CTO Paolo Ardoino explained that the transactions will replenish the inventory and…

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