Podcasts: Questions for Tether with Paolo Ardoino & Stuart Hoegner - WBD297 🔗 4 years ago
- Category: Podcasts | What Bitcoin Did
- Author(s): Peter McCormack
- Published: 10th January 2021 12:09
Location: Remotely Date: Wednesday 6th January Company: Bitfinex Role: CTO & General Counsel
There have been claims that Tether has manipulated the Bitcoin price. Still, JL van der Velde, CEO of both Bitfinex and Tether, denied the allegations stating "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of bitcoin or any other coin/token on Bitfinex."
As well as market manipulation there have been calls for a full audit of the Tether reserves amidst claims that the stablecoin is not fully reserved.
In this interview, I talk to Paolo Ardoino & Stuart Hoegner the CTO & General Counsel at Bitfinex. We discuss Tether FUD, the claims of not being fully backed and price manipulation.
