Tether - Digital money for a digital age backed by USD
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Basics
Tether is a stable cryptocurrency that aim's to mirror the FIAT USD which offers stability compare to other volatile cryptocurrencies.
Coin Ticker: USDT
Coin type: Token
Date Founded: Realcoin's (Tether) whitepaper was published online around January 2012 under the name Realcoin, October 2014 the first token was released then around November 2014 Realcoin was renamed to Tether.
Backed by real asset: Tether is backed by Fiat currency USD in a 1:1 ratio 1USD = 1USDT
Asset Platform: The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.
Links
Website: https://tether.to/
Whitepaper: https://tether.to/wp-content/uploads...WhitePaper.pdf
Facebook: https://www.facebook.com/tether.to
Twitter: https://twitter.com/Tether_to/
Advantages:
✔ Enjoying the benefits of a blockchain without the volatility.
✔ Users can also add and withdraw USD with the use of Bitcoin blockchain with highest security and the transactions are fast.
✔ Help us improve this report and comment on a reason why someone should invest on this!
✔ Help us improve this report and comment on a reason why someone should invest on this!
Disadvantages:
X It is centralize in nature
X Audit of actual USD BAcking per coin hasn't been done in a while. Their is no data available if every tether is truly backed by 1 usd.
X Help us improve this report and comment on a reason why not to invest on this!
X Help us improve this report and comment on a reason why not to invest on this!