Tether: From Bad to Worse? By DailyCoin – Investing.com

Tether: From Bad to Worse? By DailyCoin – Investing.com

Decentralization is sometimes taken for granted. Multiple entities benefit from the growing interest in the decentralized future, as individuals overlook blatant centralization. Business models that blockchain ideals aim to circumvent are repeated by companies seeking to bridge the centralized gap. Triggered by an opaque public representation, companies such as are becoming warning signs for the crypto community.

The Great Wall of FUD

The celebration of the lack of Chinese influence on the crypto market might be short-lived. A new Bloomberg investigation discovered that Tether’s reserves are not as stable as deemed. Specifically, the report indicates that Tether has billions invested in Chinese commercial papers; however, a Tether spokesperson said the company holds commercial papers “in A-2 and above rated issuers.”