Noble Bank, the financial institution backing Tether (USDT), has reportedly gone insolvent. The crypto community is still commenting the news with caution, either dismissing it as fear-mongering or seeing the event as potentially having repercussions for the entire crypto ecosystem.
The alleged insolvency of the bank was announced by the Modern Consensus blog, which based its report on yet unidentified sources. Noble is just one of Tether’s banks, and the news outlet saw earlier connections between the founders of Tether and the bank.
The Bitfinex’ed Twitter account, always skeptical of Tether, considers the news an ominous sign:
https://twitter.com/Bitfinexed/status/1046624108212105216
Others are more cautious, seeing the banking activity as normal and relating it to an ong...
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