Home Altcoins News Tether a Better Idea than BTC Also USDT on TRON is a Great Combo

Tether a Better Idea than BTC Also USDT on TRON is a Great Combo

Tether

The largest stable coin in the world with a market capitalization at $46,992,340,904 and 24-hour volume $188,398,086,130 with a circulating supply of 46,871,412,194 USDT at the time of reporting is all set to launch on Kusama with Polkadot to Follow.

Kusama is popularly known as Polkadot’s cousin.  The focus of USDT is to become the first ever stable coin on the Polkadot Network.  For clarity, Polkadot is a network which supports several interconnected blockchains. Kusama is a pre-production environment to DOT.  Kusama is also known as the canary network. Kusama helps projects to deploy on Polkadot.  It has the same

Tether is already launched in several blockchains.  It recently launched on Solana, which is the 8th blockchain on which it is launched.

When a bull run is happening several interested investors in the cryptocurrency market are like what time is it at 4 a.m. and sorts.

Paolo Ardoino recently tweeted:  “What time is it? It’s half past 46B Tether_to USDT.”

Some of them were stating, I can’t believe Tether has that.  Further stating, I’m wondering how much it’s going be before May 19th? When you are supposed to provide a REAL audit! It’s going to be a lot of fun or a lot of pain! We will see.

Some of them stated Tether is a better idea than BTC as you can print as much as you want, also better than XRP with 60 billion in their wallets.

Many feel that half of the Tether is on TRON blockchain and that the other half also should be on TRON.  It just looks like USDT on TRON is a great combination.

Some were wondering how no body cashed out USDT and on how the world is desperate for their dollars.

There continue to be critical recommendations which go like:  Basically saying “It’s all backed by crypto that we bought after issuing unbacked USDT”. Also, that anyone who owns USDT needs to get out NOW before it’s worth zero.

The reserve audit is a point in discussion anytime talks of Tether come up. In response to the recent Assurance Opinion that stated:  “It was confirmed @Tether_to’s Reserves Fully Backed and that the Company Shares as Part of Ongoing Transparency Commitment.”

After going through the opinion one of the Twitter handles tweeted: Not a single mention of “bank”, “cash”, “currency”, “currencies”, or “deposit”. “digital asset” or “digital assets” is mentioned 9 times however. The USD value on a certain date of “digital assets” such as BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, etc to back USDT does not count.

Whatever, Tether knows the trick of amassing or creating value.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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