Tether frantically issued 640 million USDT, and the market outbreak in April was caused by its manipulation.

Around 11pm on April 24th – around 5am on April 25th, within 12 hours, Tether issued nearly 420 million USDTs on Omni, Ethereum and Wavefield platforms, equivalent to 420 million US dollars. And since April, Tether has issued nearly 640 million USDTs.

The news of Tether's issuance has once again attracted community attention and discussion, and the scale of this issuance is quite large, reaching 420 million. According to data provided by TokenView, in April, Tether issued a total of 640 million USDT on three major platforms . In April, the cryptocurrency market rebounded sharply. Bitcoin rose from around $4,100 on April 1 to the current $5,400, or more than 30%.

It is generally believed that the issuance of Tether has always been related to market trends, which may have a significant impact on market trends. For example , the market will rise after Tether issuance . Some research analysis suggests that Tether (USDT) is used to manipulate the market. According to a paper published last year, at least half of the increase in cryptocurrency prices in 2018 may be driven by price manipulation, which is done through Tether (USDT). For example, the US Department of Justice began investigating Tether at the end of last year with the intent to confirm whether USDT was used for market manipulation.


Tether (USDT) has always occupied most of the stable currency market. Although in the past two years, new stable currencies such as USD Coin and Truecoin have begun to compete for the stable currency market and seized some market share, but it has not constituted a substantial threat to Tether. . Tether still controls most of the stable currency market share, and currently ranks eighth in market capitalization, reaching $2.84 billion.

On April 25th, Tether (USDT) made large-scale additional issuances on the Ethereum, Wavefield and Omni agreements, and issued nearly 420 million USDTs in one day. According to USDT: USD = 1:1, this is equivalent to 420 million US dollars. To date, Tether (USDT) has a total circulation of $3.12 billion and a liquidity of $2.828 billion.

In the past 24 hours, Tether has issued 70 million ERC 20 USDT on the Ethereum platform, 49.9 million TEC 20 USDT on the wave platform, and 300 million USDT on the Bitni network's Omni agreement, totaling 419.9 million. USDT.

According to PeckShield data, on April 25th, at 5:09 am, at 5:09 this morning, Tether officially added a new $49.9 million TRC20 USDT on the TRON network and forwarded it to TAyAA1xjZGyjQYP8UHp5qFtRcLgUG2XnPi with a block height of: 8663365, the transaction hash value is: b50772dd61fb2700e474aec2f3a98a4f24379c5aff8c1cabbe90d7fbcdb32473. Since April 9th, Tether officially issued the USDT on the wave field network, Tether has issued a total of TRC20 USDT 99901010 to the wave field network.

Screenshot 2019-04-25 Afternoon 3.12.47

However, the most noteworthy is that Tether added 300 million Tether (USDT) to Omni today, and the transaction hash value: https://usdt.tokenview.com/cn/address/32TLn1WLcu8LtfvweLzYUYU6ubc2YV9eZs is in three platforms. The most issuance. According to the TokenView data, the additional issue occurred on April 25 at 2:41 (UTC+8).

Screenshot 2019-04-25 Afternoon 2.15.41

In addition, Tether also made a large-scale issuance on the Ethereum network. The latest one is that at 11 o'clock on the evening of April 24, an additional 70 million ERC20 USDT will be issued. This is the 5th additional issue of Tether in April, the first few were April 8 (20 million USDT), April 8 (30 million), April 10 (50 million), April 16 (7000) 10,000), April 24 (70 million), a total of 240 million USDT, the transaction hash: https://eth.tokenview.com/cn/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828. To date, the total ERC20 USDT circulation has reached 300,010,000.

Screenshot 2019-04-25 Afternoon 2.36.03

Screenshot 2019-04-25 Afternoon 2.36.26

Tether is controversial, but Jiangshan is still solid

As the earliest stable currency, Tether used its early advantages to quickly occupy the entire stable currency market, but the controversy surrounding the Tether dollar reserve and transparency of distribution has never been broken. According to Tether's previous rules, Tether (USDT) has 100% reserve reserves as support, with $1 per reserve as a reserve. However, in mid-March, the Tether official website revised the reserve system and changed the full reserve to a partial reserve. This means that Tether (USDT) no longer has equal dollar support, which analysts believe will increase Tether risk.

However, despite the criticism of Tether, there are no competitors that can pose a threat to Tether. According to cryptoslate data, in the stable currency market, Tether (USDT) currently has a market value of 2.84 billion US dollars, followed by USD Coin, 251 million US dollars, and the third TrueUSD, 199 million US dollars, which is quite different from Tether. However, it is also true that Tether's market share has decreased. With the continued support of USD Coin supported by Circle and the stable currency issued by Gemini and Paxos, the New York Financial Services Authority (NYDFS) is backed up. Unable to solve, Tether's market share may continue to fall, perhaps for this reason, Tether chose to cooperate with the wave field in March to issue USDT in the wave field blockchain.

Tether's nearly 420 million additional issuance will have an impact on the market, and we will continue to pay attention.