Following the decline in #Bitcoin (BTC), a new FUD emerged about Tether (USDT), and a statement came from the company CTO.

While Bitcoin was declining after the statements made by the US Federal Reserve (FED), a new FUD about USDT emerged. After Bitcoin lost nearly 5% in value last night, falling from 26 thousand dollars to 24.9 thousand dollars, #USDT was subjected to an intense sale on decentralized finance (DeFi) platforms.

The incoming massive sales increased the USDT balance in decentralized finance (DeFi) platform Curve's (CRV) 3pool liquidity pool to over 75% with 313 million units. With this process, USDT, which left the 1 dollar constant, lost an average of 0.03% in value against USD Coin (USDC) and DAI.

Under normal circumstances, the size of USDT, DAI and USDC should be equal in this pool, but in the current situation, DAI and USDC constitute 12.38% and 12.15%, with an average of 50 million units each.

While it was claimed that the attackers wanted to trigger a FUD on Tether and deepen the deposit with intense sales, USDT deposit interest rates increased to over 20% on the DeFi platform Aave V2, amid intense loan-deposit transactions.

Response from Tether CTO regarding FUD

Tether CTO Paolo Ardoino, in his post published on his official social media account on June 15, stated that the market is tense these days and the environment is suitable for the exploitation of general sentiment by attackers.

CTO made the following statements about Tether's stance against the current situation:

We are ready as always at Tether. Let them come. We can accommodate any quantity.

CTO Ardoino told The Block that the latest developments have caused tension, which has encouraged large investors to exit the market.

Stating that Tether acts as a transition for those entering and exiting the market, Ardoino stated that when interest increases, entries increase, and when interest decreases, exits increase. Ardoino also underlined that attacks directly targeting the stablecoin, such as the #Tether attack last year, are undeniable.