CVI Platform Migrating From USDT to USDC, Here’s Why
The USDT as a stablecoin has courted its fair share of controversy. It was the first stablecoin to be pegged against the US dollar and in theory was a genius move. However, In 2018, the company behind the stablecoin did not conduct an audit to show that its tokens were actually backed by real cash. Following on from this there were many stories that Tether had artificially inflated the 2017 crypto bull run, which took BTC to its record high at that time.
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