Altcoins News
By James Thorp
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Tether (USDT) served as the money market fund for several investors in the cryptocurrency space.
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Around couple of weeks back there was a notice that there might be trouble getting back $1 for each token. Will there be a liquidity shock if such a trend sustains?
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On a lighter tone: Do not rush into investing in any financial instrument you have little or no knowledge on just because people are doing it.
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Meanwhile BitStamp have expressed that it is possible for users to place Limit orders on some of their new USDT pairs.
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Also the TOR Project Expressed, Running relays for the Tor network is a daily activity for thousands of volunteers and relay associations around the world.
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In reply Tether stated, Tether supports the EEF.
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Everyone are like: Tether is Stable.
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Critics: Stablecoins are meant to be transparent and known coins like Tether have fallen short in the past.
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Tether has updated the ERC20 contract address for Tether Euro (EURt) Tokens! The old contract address for EURt is now deprecated.
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We have no idea what kind of loans those are or who they are to and we don't know what kind of paper they're buying. It's all a concern, we need more disclosure.
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Sebastian Mellen, CEO of Cerebrum Inc expressed, at this point, the consequences of Tether blowing up will be more grievous than the demise of Madoff and Theranos.
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Tether issues and redeems one USDt for one dollar: no more, no less. Unless everyone wants to redeem and there is a run on Tether, BUT one day Tether will unwind.
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I sold all USDT for USDC. I never liked/trusted them.
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