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Former head of Circle OTC says there’s more to the Tether narrative

The former head of over the counter trading at Circle went on the record with On the Brink with Castle Island this week, and he had a lot to say about Tether. Dan Matuszewski, now principal and co-founder of CMS Holdings, said during his time at Circle there was no incentive to speak up about Tether.

Matuszewski told On the Brink’s Nic Carter that the idea of tethers driving the price of bitcoin significantly higher is “not true whatsoever.” 

“I say this as someone who created and redeemed billions of tether over the course of my life and specifically created it in 2017,” he said. 

Some outlets, including Bloomberg, reported the concerns of those who felt Tether was being used to stabilize and manipulate the price of BTC. Bitfinex denied the allegations, but some studies showed…

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