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Author Topic: Why Tether is Always Valued to $1 ?  (Read 15611 times)

Collinberg

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Re: Why Tether is Always Valued to $1 ?
« Reply #15 on: November 07, 2018, 11:05:48 am »
Tether is made as a stablecoin, it is for those who want to hold crypto for a while but do not want the dollar value of their tokens to change, I use tether a lot especially when I sense that there would be a downward spiral in the market, I convert to tether and after the reduction in prices, I buy back a higher number of tokens at the same dollar price.
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Re: Why Tether is Always Valued to $1 ?
« Reply #15 on: November 07, 2018, 11:05:48 am »


aldenlim

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Re: Why Tether is Always Valued to $1 ?
« Reply #16 on: November 21, 2018, 12:57:01 pm »
One of the reasons here is the fact that USDT or Tether is backed with legit US dollars and this is why the price of this coin is
stable and it won't change from $1 dollar. This is also one of the most used cryptocurrencies and you can see on coin market
cap that it is always top two in volume.


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Re: Why Tether is Always Valued to $1 ?
« Reply #16 on: November 21, 2018, 12:57:01 pm »

HomelandPatriot

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Re: Why Tether is Always Valued to $1 ?
« Reply #17 on: November 22, 2018, 09:56:12 am »
Because this stable coin backed up by dollar, or not. Then they do a audit?

MOProgress

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Re: Why Tether is Always Valued to $1 ?
« Reply #18 on: November 23, 2018, 10:00:44 pm »
This is question I have been asking, just according to the topic, I would also want to know why it is always so. And how it can break that price.
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aiviaa485

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Re: Why Tether is Always Valued to $1 ?
« Reply #19 on: December 19, 2018, 03:42:32 am »
Because there are many requests from people who understand the fluctuations caused by Bitcoin and altcoins.
So, there must be someone or company that is capable of becoming a stable coin pioneer.

So from that comes several stable coins like Tether, trueUSD, DIGIX and bitUSD .

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Re: Why Tether is Always Valued to $1 ?
« Reply #20 on: December 23, 2018, 03:58:35 am »
This token must be 1 to the same as the USD that is widely circulated in markets around the world.
If there is no match, the result is broken and it's a big mistake from Tether.

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Re: Why Tether is Always Valued to $1 ?
« Reply #21 on: March 14, 2019, 08:45:46 pm »
Because this is not a coin for profit. This is a coin that should identify one unit of a certain ordinary currency. It is just a buffer between different types of cryptocurrency or between cryptocurrency and regular currency.

fredrick4u

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Re: Why Tether is Always Valued to $1 ?
« Reply #22 on: March 27, 2019, 01:28:54 pm »
That is the main idea behind tether that is stability. Tether is just the digital or online form of the US dollar. That's my understanding of tether though.

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Re: Why Tether is Always Valued to $1 ?
« Reply #23 on: April 09, 2019, 11:40:43 pm »
the token is pegged to fiat currency  to avoid volatile tokens . also to avoid sudden liquidity of your funds. they have benefits. high benefits. if you are a newbie trader, i suggest you trade against the usdt(tether) to avoid loosing your money.
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Re: Why Tether is Always Valued to $1 ?
« Reply #24 on: April 18, 2019, 06:06:40 am »
This is question I have been asking, just according to the topic, I would also want to know why it is always so. And how it can break that price.
USDT is a digital copy of the dollar. One such coin must be backed by one dollar. This is, in fact, not a full-fledged cryptocurrency, because it is not intended for profit and should not deviate in its price from one, that is, one dollar. This coin is designed for ease of use of conventional cryptocurrency. So she simply cannot deviate much in her price from a unit.
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Re: Why Tether is Always Valued to $1 ?
« Reply #25 on: April 22, 2019, 03:41:44 pm »
It is designed to become the digital version of USD and be the price of USD as it is. Having the fact that it is a stable coin, it is mainly use to take the profits from your gains in the crypto.
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Re: Why Tether is Always Valued to $1 ?
« Reply #26 on: June 01, 2019, 03:33:49 am »
Tether is a stable coin with its coin price situated at $1, backed up by the USD. It is to make a no or less losses in the crypto market, giving the crypto users an experience of stable market. Therefore, Tether is always valued at $1 because that is what it was made and proven to be, not going above that.
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Re: Why Tether is Always Valued to $1 ?
« Reply #27 on: June 16, 2019, 04:37:36 pm »
This is question I have been asking, just according to the topic, I would also want to know why it is always so. And how it can break that price.
Coin Tether is actually a digital dollar shell. It was conceived as a dollar in the world of cryptocurrencies, to provide ease of use of cryptocurrency. Therefore, the value of a digital dollar in the form of a Tether can not differ at the rate of the usual dollar. Only in various crisis situations in cryptocurrency, when the demand for this stable coin rises or falls, there is a slight tether fluctuation from one, that is, from one dollar. However, when the market calms down, the tether invariably has to return to unity again.

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Re: Why Tether is Always Valued to $1 ?
« Reply #28 on: June 26, 2019, 09:42:24 am »
In addition, the main use case of Tether is to provide stability to this wild volatile crypto market and provide a stable use case to:
1.Blockchain companies
2.Exchanges
3.Individuals & Traders
By leveraging the blockchain technology, Tether allows you to store, send, and receive digital tokens pegged to dollars.
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Re: Why Tether is Always Valued to $1 ?
« Reply #29 on: July 11, 2019, 08:44:15 pm »
I never converted my crypto to tether, but the ideas but the idea behind tether it's the digital equivalent of a dollar bill. Instead of selling your crypto to usd your selling it to Tether.

 

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