Tether is proud of contributing to the digital token ecosystem. They feel that a meritless lawsuit is an insult to the ingenuity of Tether customers.
BitFinex tweeted: “Bitfinex and Tether denounce baseless lawsuit designed to undermine the cryptocurrency community.”
Paolo Ardoino tweeted in all caps: “BASELESS.”
Stuart Hoegner, the General Counsel for Tether, stated: “Even after taking three full months to amend their complaint, the plaintiffs’ allegations remain untethered to either the facts or the law. They conflate perceived correlation with causation in an effort to prop up theories that are untrue and unsupportable.”
Investors who have a good insight into Tether have to say that it could evaporate tomorrow and despite that nothing might fundamentally change. They state that Tether is the digital fiat with a third party. In most platforms and markets, it is possible to can sell your own fiat into BTC directly. Further interrogating on whether redundancy is at the forefront of the Tether community.
Sydney Ifergan, the crypto expert, tweeted: “Some people have zero reasons to use Tether (USDT), and some have all reasons to be using it. Ultimately, it is about personal discrimination. People know what they are doing.”
Some users have a query. If the USDT is the equivalent to a US dollar and mostly with respect to stable coin in general and USDT in particular, if the inflation rate in the US is high or is fluctuating strongly by the economic situation, how does it affect the operation of USDT?
Many are concerned about Tether Gold and about how its demand has been like ever since the pandemic took off.
Tether (USDT) and Bitfinex User Interest
There are users who keep reinstating that Bitfinex has become one of the largest platforms for cryptocurrency trading. They are, however, discussing about its limitation, stating it is in 3 languages, English, Russian and Chinese. Some were asking if they will add the Spanish language to integrate the Spanish-speaking community.
Some are concerned about replenishing the Bitfinex account without paying any kind of fees.
Some are just beginning to learn that Bitfinex users will be able to borrow and trade with leverage of up to 3.3 x through the P2P margin financing platform. They are just curious to know what would be the terms for and requirements for a user to opt for this loan?
Just that there are very few community members gossiping about the lawsuit, they are doing things as they regularly would with Tether. The news about the lawsuit did not bother any Tether enthusiast.
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