A Twitter-bot, which tracks the issue of stablecoin USDT, announced the release of more than 2 billion new tokens. Users are sure that this can seriously change the value of digital money – increase it several times or bring it down
The USDT token issue on the Ethereum blockchain from Tether has increased by almost 2 billion coins in an hour, according to the FOMO Bot on Twitter. Initially, users were surprised at such activity, and then began to call it into question.
“It must be a bug. Otherwise, tomorrow Bitcoin will artificially overestimate the course to $ 100,000 ”one of the commentators wrote.
According to another writer, such a change could mean the possibility of a major drop in the price of digital money in the near future. Most likely, the activity is indeed related to the bug, since the current ERC20-USDT offer according to the smart contract is still 110 million.
However, it is possible that Tether migrates from the bitcoin blockchain to the Tron and Ethereum networks. At the moment, the company did not comment on these ideas and did not clarify the situation.