Tether’s Impact on Bitcoin Price Not ‘Statistically Significant,’ Study Finds

The issuance of tether (USDT), the controversial cryptocurrency tied to the U.S. dollar’s value, has had no meaningful impact on the price of bitcoin, an academic study has found.

The findings by Dr. Wang Chun Wei, a lecturer at the business school of Australia’s University of Queensland, contradict widespread and long-running speculation that Tether, the company behind the stable cryptocurrency, has been issuing USDT to pump up the price of bitcoin.

Wei’s findings have been accepted for the October 2018 issue of Economics Letters. (The paper was originally published online in May.)

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