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Tether, not Libra, may be the cryptocurrency behind bitcoin’s surge

Tether, not Libra, may be the cryptocurrency behind bitcoin’s surge

Contrary to popular belief, Facebook’s planned cryptocurrency, Libra, probably isn’t the only thing behind bitcoin’s recent resurgence. Although crypto speculation surely increased after the social media giant’s announcement, bitcoin’s recent rise might also have something to do with another digital token, Tether, a US dollar-pegged unit commonly used to trade bitcoin on exchanges that lack banking partners.







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