The Tether Treasury has issued another 80M USDT in what now seems like a normal daily occurrence.
Tether is now on track to soon hit $8 billion in total USDT with its latest issuances. However, critics of the unaudited stablecoin are only getting louder.
Tether Treasury Issues Another $80M
The fresh batch of USDT was recorded by Whale Alert (@whale_alert). The amount of USDT flooding the market is at levels never seen before. As BeInCrypto reported previously, the market capitalization of Tether (USDT) hit a stunning $6 billion on March 27. However, this was just the beginning. By April 19, the stablecoin hit a market cap of $7 billion.
Critics Call for an Investigation
Naturally, this latest minting has been met by a wave of angry replies who see Tether as being dishonest — and some even accuse it of committing outright financial fraud. As Twitter user @BlockchainBizMg writes, Tether has effectively become ‘too big to fail‘ and it now seems that no single entity or agency can do anything about it. Without Whale Alerts giving constant updates, many in the cryptocurrency world would not even know about Tether’s day-to-day activities.

“Tether remains committed to offering a secure, stable, and useful stablecoin. We have made public various documents validating our reserves over the years, and our commitment to such measures is ongoing. A number of stablecoins are experiencing increased interest right now. “Possible reasons for this demand might include users wishing to buy other digital assets and using stablecoins as a low-friction on-ramp. In any event, we are gratified by the recent market demand for USDt, which remains the most trusted, liquid, and popular stablecoin in the ecosystem.”
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