Tether (USDT) converts fiat to digital currency.  The value will be tethered to the value of the national currencies like the USD, Euro, and others.

This is just the time when there is a lot of money on the sidelines, and investors are waiting to enter into the cryptocurrency market.  A strong bullish pressure is expected ahead.  It is likely that the current US financial imperialism might suffer a fall.  Smart investors are already buying the dip.

Tether is no less to the Federal Reserve. Tether is known for literally printing unlimited USDT.  Many times, Tether is able to coordinate a third party in an hour to perform a chain swap, and all this while the total supply does not change in the process.  The chain swap might be subject to delay upon the request of a third party.

Paolo Ardoino, CTO of @Bitfinex & @Tether_to recently discussed the story of Tether at the Crypto Conference Digital Asset Summit in London organized by Crypto Compare.

Stable coins are now put into a situation where they will have to survive the impact of the covid-19 induced recession.  Opinions doing the round is that there are many ways by which stable coins issuers will be able to prosper.  And, that the collapse of individual stable coins is probably unlikely.

Sydney Ifergan, the crypto expert, tweeted: “Tether USDT recently launched on the Bitcoin Cash Network. Thus USDT is now lot accessible.  We need to see if they are going to speed up printing more USDT.”

In the current scenario, where the US interest rates are likely to hit 0%, and the US Treasury yields going negative, it is not possible to profit from merely holding USD or the treasury bills. Investors are looking at business models to earn. It is expected that the USD backed stable coins will diversify.

Tether USDT Serving Interest of Several Users

Tether USDT has been very smart at bringing real-world money to the blockchain. They have recently surpassed a market capitalization of $5 billion.  This is considered to be a significant milestone for Tether.  Tether continues to prove that the fiat system can be replicated.  USDT has served the interest of several users.

Justin Sun tweeted:  “In our current huge market volatility, #USDT-ERC20 is highly congested & costly when moving your assets. Instead, use #USDT-TRC20, which is instant, free & lightning. #TRON #TRX $TRX.”

While all these things are happening, some people ask of USDT, stating, “This is huge, but hasn’t it been created out of thin air?”