Altcoins News
By Maheen Hernandez
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Tether_IO expressed, USDt is not "losing" its peg. Subject to our terms of service, Tether issues and redeems one USDt for one dollar: no more, no less.
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Tether represents a battle-tested technology that has been through many cycles.
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In this market, many are flooding into USDt as a safe harbor. On Bitfinex and Kraken, the market price closely reflects the Tether to the Dollar on USDt.
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Further clarified stating, sites tracking pricing and providing analysis should be approached with caution as they use exchanges as data sources, many of which were unreachable…
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Many critics are like: Can you confirm that everyone is and will always be able to redeem 1 USDT for 1 USD? Not by some other 'reserves', but USD.
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Some were like: USDT a "safe habor"? But it's only backed by $0.03 real cash, despite your earlier claims that every USDT is pegged 1:1 with dollars?
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Does anyone know the outcome of today's (5/19) NY Attorney General Audit Court Hearing? Guessing they kicked the can down the road, but really need to know, so I know if I need…
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For new entrants: Tether (USDT) is equal to USD in value, but it has lesser regulatory hurdles and it provides for fast settlement and provides the stability of fiat…
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Is Tether Safe? In technology terms, USDT is absolutely secure. It is a “centralized token” developed on the decentralized Ethereum blockchain and now they are in several…
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Will USDT go up? It is possible. If the crypto industry enters another winter period, it is more than likely that people will rush towards Tether and other stablecoins in search…
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What happens if Bitcoin Crashes? The expectation is that during a crash, traders will race to sell their bitcoin in exchange for Tether, which is similar to the U.S.
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Tether is used to purchase Bitcoin. An increase in the supply of Tether merely shows demand for Bitcoin.
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