Tether's Effect on Bitcoin’s Price

Tether (USDT) is a controversial cryptocurrency. Tether, the company behind the currency, claims that 1 USDT is equivalent to 1 US dollar. But that is not always the case. When Tether prints or revokes USDT, USDT rises or falls against the dollar. Our chart documents significant changes in the USDT supply and their correlation to the price of Bitcoin.