Everything You Need To Know About TetherWhat is Tether?
Just like the name suggests, Tether is a controversial cryptocurrency that is allegedly tethered to unending trading disputes and dubious ownership. This digitized token claims to be supported by US dollars reserve, portraying a 1:1 relationship with the underlying fiat currency.
This simply means that one Tether issued by the company has an equal value as of 1 dollar. However, the company has typically not able to produce conclusive evidence of their currency reserves, which has attracted a lot of negative attention from the markets and regulators alike.
Initially named as "Realcoin", the Tether cryptocurrency enables you to facilitate the transfer of national currencies, use Tether as an alternative to other cryptos and offer a quick exchange to other cryptos. Also, it shares a complex relationship with Bitfinex, one of the largest cryptocurrency trading platform. In short, it has a history worth sharing in the world of cryptos. More on
CoinSwitch.
Value of Tether (USDT)At the time of writing, Tether (USDT) has gone up a little by nearly 0.06% and valued at $1.00. Its market capitalization now stands at US$2,767,327,779 billion according to
CoinMarketCap.
Tether is available in most of the exchanges, what do you think will be its future price? Let us know your thoughts below.