Tether (USDT) has no “statistically significant” impact on the Bitcoin (BTC) price movement, according to a new academic study examining the suspected correlation between the USD-pegged stablecoin and the original cryptocurrency.
The report, titled “The Impact of Tether Grants on Bitcoin” and published last week, was conducted by researcher Wang Chun Wei of the University of Queensland Business School. Using Value-at-Risk (VAR) analysis, Wang concluded that despite the existence of a “positive relationship” between new Tether grants and “increased crypto-trading the following day,” the effect on trading volumes is temporary, and volume generally returns to normal within five days, without causing any substantial BTC pric...
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