News of Binance Dropping Tether (USDT) Are Reportedly Fake

Yuri Molchan
On Monday, the crypto community bubbling with the rumors that Binance was to delist the USDT stable coin. Possible explanations were Tether’s troubles with the bank
News of Binance Dropping Tether (USDT) Are Reportedly Fake
Cover image via U.Today

On Monday, the crypto community has been bubbling with the rumors that Binance was to delist the USDT stable coin. The possible explanations were Tether’s troubles with the bank and lack of solvency. Besides, Monday has been marked with a tremendous USDT sell-off, which popped Bitcoin up to its high of $6 672,87, based on the Coinmarketcap.com data.

Apart from Binance, KuCoin was also reported to be delisting Tether. Later it proved to be a fake since KuCoin only suspended deposits and withdrawals with the coin.

Binance chucking USDT was also clarified and reportedly proved to be fake.

Nevertheless, currently, the Tether stablecoin is having not the best period of its existence.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.