Tip: New version of USDT may reduce Bitcoin rally

On August 21, crypto analysis firm Chainalysis estimated that the newly issued bond (USDT) could affect the strength of Bitcoin, Cointelegraph announced on August 21. Philip Gradwell, chief economist at Chainalysis, said that the arrival of the USDT issued on the exchange can be used to buy bitcoin just like the existing USDT, fiat currencies will further support the purchase of bitcoin if the new hit USDT does not reach the exchange. Gradwell noted that the data shows that inflation is now driven by demand for fiat money. Therefore, it is believed that if Tether does not develop new tokens, more fiat currency will enter the market.