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Author Topic: Why Tether is Always Valued to $1 ?  (Read 833 times)

CryptoZenWorld

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Why Tether is Always Valued to $1 ?
« on: July 18, 2018, 03:17:19 am »
I still don't understand the idea behind the coin Tether. How they backed their token and how it is always equal to $1 USD. and why they are not transparent about this issue. Is there any great explanation guys?

Thanks.
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Why Tether is Always Valued to $1 ?
« on: July 18, 2018, 03:17:19 am »


Quantum X

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Re: Why Tether is Always Valued to $1 ?
« Reply #1 on: August 01, 2018, 01:08:54 pm »
Looking back from what I've watched before in youtube but I can't remember the name, and the content of the video is about a project advertising its coin that will not be subject to volatile and it is part of a utility token. Maybe USDT is the same.
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Re: Why Tether is Always Valued to $1 ?
« Reply #1 on: August 01, 2018, 01:08:54 pm »

altcoingamer

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Re: Why Tether is Always Valued to $1 ?
« Reply #2 on: August 01, 2018, 08:30:27 pm »
I still don't understand the idea behind the coin Tether. How they backed their token and how it is always equal to $1 USD. and why they are not transparent about this issue. Is there any great explanation guys?

Thanks.

The price I assume is based on its digital representation of 1$... It certainly won't be worth a dollar if it's proven that it's not backed up in USD and would cause a massive exit which is what people fear.  If you have 500 million dollars in a bank account and its 500 million tether coins, the assumption is that it's a dollar usage for exchanges that don't work in actual fiat like Bitfinex... its a way of creating a USD tied digital float on exchanges that don't interact directly with bank accounts but have the supposed liquid stored value to tokenize their holdings.  Now whether they do or not is another story... lol.
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oo7

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Re: Why Tether is Always Valued to $1 ?
« Reply #3 on: August 02, 2018, 07:13:03 pm »
I also thought Tether was always valued exactly $1, but I recently saw it around 0.1.

Bobcrypto

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Re: Why Tether is Always Valued to $1 ?
« Reply #4 on: August 15, 2018, 09:51:56 am »
Yeah, Tether was actually valued and backed by a US Dallas ($1). It is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol.
Again, Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchanges.
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Goku01

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Re: Why Tether is Always Valued to $1 ?
« Reply #5 on: August 19, 2018, 11:26:51 pm »
Thinking again from what I've viewed before in internet. The substance of the video is about an undertaking promoting its coin that won't be liable to unstable and it is a piece of an utility token. Perhaps USDT is the same.The value I accept depends on its computerized portrayal of 1$. It absolutely won't be justified regardless of a dollar if it's demonstrated that it's not upheld up in USD and would cause an enormous leave which is the thing that individuals fear. On the off chance that you have 500 million dollars in a financial balance and its 500 million tie coins, the suspicion is that it's a dollar utilization for trades that don't work in genuine fiat like Bitfinex. its a method for making a USD tied computerized skim on trades that don't connects.straightforwardly with financial balances however have the gathered fluid put away an incentive to tokenize their possessions.

Altcoinstalks User

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Re: Why Tether is Always Valued to $1 ?
« Reply #6 on: August 21, 2018, 06:39:43 pm »
I still don't understand the idea behind the coin Tether. How they backed their token and how it is always equal to $1 USD. and why they are not transparent about this issue. Is there any great explanation guys?

Thanks.

This is because most exchanges uses Tether as their base pair. BTC/USDT, ETH/USDT, etc... An exchange giving a pair like USDT/USD would determine this cryptocurrency price like it happened in one exchange. I forget its name. This raised issues and I think they solved it.

kiwa

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Re: Why Tether is Always Valued to $1 ?
« Reply #7 on: September 13, 2018, 03:56:49 am »
USDT this mean usd tether,  dollar tether
this mean fiat money in crypto curency, so tether flate rate equal with dollar value
and you ca withdraw tether with real money in official site tether, if not wrong tether.to

 

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