Bitcoin Trades at $300 Premium on Bitfinex as Tether Faces Panic

As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in a premium of up to $300 on the price of Bitcoin traded on Bitfinex.
Tether Holders Take Five Percent Haircut As They Exchange for Bitcoin
Tether (USDT) has seen its market capitalization plu