Tether 101 – USDT
Tether is described as:
- Fiat currency on the blockchain
- Stable fiat on the blockchain
- “The next paradigm of money“
Often misunderstood, always controversial and sometimes semi-mystical, the USD Tether is an enigma that raises a lot of existential questions about bitcoin itself. It has come under constant attack yet provides a safe haven under a bear market.
As with most things related to cryptocurrencies, a lot about Tether is wrapped in enigma. If we are to believe its detractors for every allegation they make, we would be hard pressed to not use it. Yet, traders on the major exchanges do trade it at huge volumes.
On Poloniex, 12 major cryptocurrencies are paired with USDT
- Bitcoin Cash
- Ethereum Classic
Why Use Tether?
A heading on its site bears the same title, “Why use Tether?” and it’s answer is a list of the major companies involved in the cryptocurrency space: Omni, Bitfinex, Poloniex, Shapeshift, Ambisafe, Gocoin, Liqui, Epay, Cryptopia, CEX, Kraken, Holy Transaction, Mega Change, HitBTC, BittRex and Expresscoin.
At coinmarketcap.com, it is listed at number 14 in terms of market capitalization.
- Lectures 4
- Quizzes 0
- Duration 1 hour
- Skill level All levels
- Language English
- Students 397
- Assessments Yes
i want to know tether because i hearing about tether that it help to avoid huge loss in bitcoin red market