, has weighed in on the growing concerns over Tether's influence on the Bitcoin and other financial markets. These concerns revolve around allegations that Tether, through its USDT stablecoin, is artificially inflating the value of cryptocurrency and propping up the U.S. bond market.The debate has been sparked by claims that Tether's operations involve a revolving door between Tether, Bitcoin and the U.S. bond market.
However, the composition of these reserves has raised eyebrows, particularly reliance on"T-Bills," which make up nearly 80% of cash equivalents.In response to these concerns, Schwartz emphasized the basic principles of how financial systems work. He explained that the creation of new assets, whether Bitcoin, Schwartz's perspective aims to demystify the process, emphasizing that newly created assets contribute to the total value in the system, not detracting from preexisting assets.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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