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- High User Experience Design 2019-07-29
- Minimum Beautiful Product 2019-07-29
- High User Experience Design 2019-07-29
- Minimum Beautiful Product 2019-07-29
- High User Experience Design 2019-07-29
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eCounsel group
A boutique firm with unparalleled expertise in business and technology. We have good command of industrial ecology and legal practice, and have undertaken highly regarded cases. Because the small business scope, we pay more emphasis on effectiveness and efficiency, and choose clients with deliberation. The managing partner not only has extensive experiences in various legal issues more over than 20 years, but invests and manages several technology companies. In addition, he always checks each case rigorously. Clients’ business objectives are our primary focus. To achieve the same in the most cost-effective fashion trumps all seemingly sophisticated legal discussions.
Is Stable Coin Stable Enough?
The so-called stable coin, USDT, has dropped significantly against USD on 10/15. While USDT typically values in a range of 0.99 to 1.01 when compared against USD, it dropped to as low as 0.85 on the Kraken exchange on 10/15. In this sense, whether stable coin is actually stable enough still remains a heated debate.
USDT has long come under scrutiny ever since its launch, over whether it actually holds enough reserves to match the tokens. Since Tether is privately held, it has yet disclose any official audits, which investors have repeatedly demanded.
A study released by UT Austin further claimed that USDT was heavily used to artificially inflate bitcoin prices (significantly during the 2017 peak). “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in the study.
Since the “fall” of USDT (tho it is still the biggest stable coin player in the game), several numbers of stablecoins have risen, including the Gemini Dollar, PAXOS, TUSD, HUSD, etc. For these newly risen stablecoins, the question now is: can they stay stable?
Bitcoin prices have been manipulated, study says – CNN
Major cryptocurrencies jump as the controversial dollar-pegged token tether falls – CNBC
People are freaking out about Tether – Financial Times
Puerto Rico’s Noble Bank Seeks Sale Amid Crypto Slide – Bloomberg
Is Bitcoin Really Un-Tethered? – John M. Griffin
The Audio Recordings Bitfinex doesn’t want you to hear. – @Bitfinex’ed