An under-reported issue in the press right now is the possibility that Tether may collapse. You may have seen this token on an exchange as USDT. The Tether token is commonly known as a stablecoin, in that each Tether is suppose to be backed by one USD, though in practice one USDT often fluctuates between $0.95 ~ $1.05. If you trade a moderate amount, the appeal of a stablecoin is obvious: you can sell your BTC for USDT, then move the USDT to another exchange or a safe wallet as opposed to risking the money on the health of the exchange or dealing with the traditional banking infrastructure. But as obvious as the need, you can probably already see the flaw here: you have to trust Tether to not release more USDT than they have dollars in reserve. And it gets worse: The crypto-sphere only
Will Tether Collapse The Crypto Market?
Will Tether Collapse The Crypto Market?
Will Tether Collapse The Crypto Market?
An under-reported issue in the press right now is the possibility that Tether may collapse. You may have seen this token on an exchange as USDT. The Tether token is commonly known as a stablecoin, in that each Tether is suppose to be backed by one USD, though in practice one USDT often fluctuates between $0.95 ~ $1.05. If you trade a moderate amount, the appeal of a stablecoin is obvious: you can sell your BTC for USDT, then move the USDT to another exchange or a safe wallet as opposed to risking the money on the health of the exchange or dealing with the traditional banking infrastructure. But as obvious as the need, you can probably already see the flaw here: you have to trust Tether to not release more USDT than they have dollars in reserve. And it gets worse: The crypto-sphere only