Tether keeps printing new USDT coins, despite facing a recent lawsuit with claims for $1.4 trillion. The stablecoin producer revealed several transactions that expanded the USDT liquidity.
The recently launched class action lawsuit finally calls out Tether directly on what was only unofficially discussed on social media. USDT coins have been created and used with the intention to manipulate the crypto market, causing a larger bubble and a more damaging crash, the plaintiffs explained.
Today, @RocheFreedmanLP filed a class action lawsuit on behalf of those who own cryptocurrency against Tether and Bitfinex (and others) for manipulating the cryptocurrency market to create the largest bubble in history. @VelvelFreedman @joemdelich https://t.co/c3iOW5eTF7
— Kyle Roche (@KyleWRoche) October 7, 2019
Just at that moment, the Tether Treasury minted two transactions of 12 million and 20 million USDT.
12,387,600 #USDT (12,392,934 USD) minted at Tether Treasury