Tether [USDT], one of the most traded cryptocurrencies supported by platforms like Bitfinix, ShapeShift, Bittrex, and Omni, shows an indication of being spent on Bitcoin in its critical moments, according to research by a University of Texas professor.
Bloomberg’s Tweet about the research paper | Source: Bloomberg Twitter page
Finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday:
“Tether seems to be used both to stabilize and manipulate Bitcoin prices,”
John Griffin and Amin Shams, in their research article, ‘Is Bitcoin really Un-Tethered?’ aim to investigate the relation between Bitcoin, other cryptocurrencies,
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