Rapid Increase in Tether Supply Raises Concerns of Manipulation, Creative Accounting

domainking131

Forum Leader
Staff member
Tether has always been a controversial token - claimed to be redeemable for fiat currencies but shunned by the fiat banking system. However, the rapid expansion in Tether supply has raised concerns about whether this could be one of the reasons for the overall cryptocurrency boom.

What is Tether?
According to the Company's website, Tether is a cryptocurrency whose value is anchored or 'tethered' to the value of national currencies like the US dollar. Tether.to claims to have combined the best of both worlds - a stable currency value and benefits of Blockchain technology. Each tether in circulation is supposed to be backed by a dollar held by the Company in reserve.

Supply: +10,000% in one year, +43% in November
The overall supply of tether has rapidly increased in 2017. Since the price of each tether is pegged to fiat (dollar or euro), the overall market capitalization reflects the underlying supply of tethers. The total market cap of tether has shot up from $6.9 mln in November 2016 to $645 mln currently. That is 100x increase in supply in the last year.

A significant portion of the increase has occurred in the 15 days of November 2017 - the supply / market cap has increased by $200 mln in that time. Since each tether is supposed to be backedby a reserve of fiat currency, questions are being raised about how Tether (the company) has managed to expand its balance sheet so much in the last year.

Source
 
Similar threads
Thread starter Title Forum Replies Date
DomainSherpa Rapid Prototyping to Test Your Business Idea for Free on Facebook – With Raj Beri The Lounge 0
ebiz4india Skoda Rapid Ad - Creative Waves in INDIA, why ??? The Lounge 0
Digital Pandit Wholesale Price of .com set to increase to $8.39 from $7.85 Registrars 0
Digital Pandit There seems to be a 25x price increase on the cards as XYZ corners the cars market Registrars 0
Digital Pandit Verisign 2020 Q2 Report: Domain registration increase by 3.3 million Registrars 0
Digital Pandit Endurance International Group : Increase in businesses going online fan the growth Registrars 0
Digital Pandit ICANN gives a thumps up to Verisign for its price increase of dotComs Registrars 0
Digital Pandit Attention required!! : Verisign won’t increase .com prices this year Registrars 0
Digital Pandit Possible effects of dotcom price increase on domain investing Resources 0
Digital Pandit Voices rising against proposed .com price increase by upto 31% in 4 Years Non-Indian Domains 0
Digital Pandit How will the 10% increase in .org prices affect us ? Registrars 0
Digital Pandit Morgan Linton explains how China's declining Venture Capital Boom may increase domain names' demand? Non-Indian Domains 0
Digital Pandit Verisign faces challenges despite their ability to increase fees- A review by Morgan Linton Business and Economy 0
Digital Pandit ICANN can grant Verisign its .com price increase Registrars 0
Digital Pandit NamesCon ticket prices increase tomorrow Registrars 0
Digital Pandit Impeachment-related domain sales increase many fold Non-Indian Domains 0
Digital Pandit Send Email: Let's oppose the .BIZ price increase Resources 0
Digital Pandit Non-profits biggies pushing for a not more than 10% p.a. increase in .org prices Registrars 0
Digital Pandit Verisign’s Annual Report: Can there be a price increase for .coms? Resources 0
Digital Pandit Verisign in talks with ICANN for price increase Registrars 0
C Possible price increase by Verisign for .com TLD, need to rally Business and Economy 0
Digital Pandit “Stop the Price Increase of .COM” petition gains steam Non-Indian Domains 2
CyberKing The Petition To Stop .COM Price Increase The Lounge 0
D Increase MOZ DA, Majestic Trust Factor for any domain, website For Sale / Advertising 0
JulienJ Godaddy: ".NET price to increase on Feb 1, 2018" Non-Indian Domains 0
JulienJ Will the recent .WS emoji sales increase the value of .WS domains as a whole? Non-Indian Domains 2
JulienJ New gTLD to increase prices 10x, add blockchain voting service New GTLDs 1
domainking131 Tucows reports increase of revenue because of acquisition of Enom and domain business growth Non-Indian Domains 0
domainking131 WordPress promises not to increase prices on .Blog domain name renewals New GTLDs 0
domainking131 GoDaddy announces .org price increase Non-Indian Domains 0
Jeff DomainTools - Big Price Increase Coming General Indian Domain Name Discussion 1
domainking131 New gTLD Report Shows A 30% Increase Of Domains In Alexa Top 1M New GTLDs 0
domainking131 Mike Mann Thinks Sales Of 2-Word .Com Domains Will Increase Non-Indian Domains 0
domainking131 .EU Domains Increase To 3.87 Million Non-Indian Domains 0
Webportal 5 Things you can do to Increase Sales & Customer Engagement for your E-Commerce Storefront Marketing Your Website 0
domainking131 Pheenix Announces Update – 500% increase in Domain Registrars Non-Indian Domains 0
domainking131 Domain Holdings Report: 29% Increase in Sales, $59,079 Average Sales Price Non-Indian Domains 0
domainking131 Verisign Q2 2015 Report: 133.5 Million .Com & .Net Domains With 3.1% Increase Non-Indian Domains 0
D Increase revenues from your website For Sale / Advertising 0
I How to increase the domain parking revenue? Auctions 0
CyberKing How Google plans to increase Indian Internet users to 500 million by 2017 The Lounge 1
domainking131 TRAFFIC Conference in November. Prices to increase significantly Non-Indian Domains 0
CyberKing INCREASE IN FEE FOR FILING COMPLAINTS - Registry.IN Legal Issues and Dispute 2
R Increase of demand of short domains after Googles Exact Match Domain Penalty rule General Indian Domain Name Discussion 3

Similar threads

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
27,401
Messages
74,444
Members
7,668
Latest member
sunilk8576
Top Bottom