The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million. According to an official statement released […]The post Bitfinex-Tether episode hardly affects stablecoin; continues to be pegged with cryptos despite systematic risk appeared first on AMBCrypto.
