Tether Integrates With Plasma Sidechain to Reduce Load on Ethereum
Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket.
https://cointelegraph.com/news/tether-integrates-with-plasma-sidechain-to-reduce-load-on-ethereum
Topic: How safe is Tether.to/USDT? - page 7. (Read 7137 times)
After a Slow Start, Tether Sees Increasing Usage in DeFi
Tether (USDT) usage in decentralized finance (DeFi) appears to be growing, as lending protocol Aave reports over $7.2 million in USDT locked, out of a reported $60 million in total assets.
https://cointelegraph.com/news/after-a-slow-start-tether-sees-increasing-usage-in-defi
Tether (USDT) usage in decentralized finance (DeFi) appears to be growing, as lending protocol Aave reports over $7.2 million in USDT locked, out of a reported $60 million in total assets.
https://cointelegraph.com/news/after-a-slow-start-tether-sees-increasing-usage-in-defi
Many have always said they don't trust Tether while we all have every reason to because it is not decentralized but as for me, it's a different thing altogether because I have not seen nor come across any problems with it thus I continue using it. Talking about using it, it is only for trading or when the market is not friendly but for long term, I don't. Therefore, since it has been there all this years and still surging high I don't have any problems using it.
Tether Continues Tear as its Daily Crypto Transactions Reach Record Levels
“In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one to one reserve ratio between a cryptocurrency token, called tethers, and its associated real world asset, fiat currency.”
https://www.newsbtc.com/2020/05/27/tether-continues-tear-as-its-daily-crypto-transactions-reach-record-levels/
“In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one to one reserve ratio between a cryptocurrency token, called tethers, and its associated real world asset, fiat currency.”
https://www.newsbtc.com/2020/05/27/tether-continues-tear-as-its-daily-crypto-transactions-reach-record-levels/
Many of those who post here have little knowledge of USDT. You should never trust an asset, if you don't know about the details. First of all, Tether was formerly known as Realcoin. In 2017, it was revealed that Philip Potter and Giancarlo Devasini of the Bitfinex exchange owned Tether Holdings Limited. Do you really trust a token issued by an exchange such as Bitfinex? If you still trust them, then what about this - on April 2019, the Tether officials admitted that only 74% of the value of Tether is backed up with real assets. The remaining 26% are not backed up.
Ethereum-based Tether (USDT) transactions reach new highs
More than $1.2 billion worth of Ethereum-based Tether (USDT) was traded in a single day, setting a new record for the stablecoin.
https://decrypt.co/30137/ethereum-based-tether-usdt-transactions-reach-new-highs
More than $1.2 billion worth of Ethereum-based Tether (USDT) was traded in a single day, setting a new record for the stablecoin.
https://decrypt.co/30137/ethereum-based-tether-usdt-transactions-reach-new-highs
I personally try to stay away from Tether where possible. After finding out that they lend money out to institutions and organizations and are actually operating a fractional reserve because of this.... Just sounds like a catastrophe waiting to happen.
Instead I stick with Gemini Dollar and USD Coin, they're both far more transparent and have a live proof of funds page that shows you just how closely matched the circulating supply and their holdings are.
Tether has one too, but I don't trust it.
Instead I stick with Gemini Dollar and USD Coin, they're both far more transparent and have a live proof of funds page that shows you just how closely matched the circulating supply and their holdings are.
Tether has one too, but I don't trust it.
Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation.
The commodity or currency that backed the stable coin can be considered as a thing that makes the stable coin became the safe asset compared with another altcoin that has very high volatility. The decentralized will give guarantee in term of security but it will not save the value from the volatility. full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
We do not know because it didn't experience any problem. But when it happens it will be too late. Bitcoin is here for about 10 years, but Tether for about 2 years, too early to judge if it is safe.
Tether stablecoin settled $212 billion worth of value in 2019
Dantoni examined the aggregate value of transactions conducted in Tether in the last year and found that the most substantial quarterly increase was from Q1 2019 to Q2 2019, when Tether's settlement value increased 220%, from $17.4 billion to $55.7 billion.
https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019
Dantoni examined the aggregate value of transactions conducted in Tether in the last year and found that the most substantial quarterly increase was from Q1 2019 to Q2 2019, when Tether's settlement value increased 220%, from $17.4 billion to $55.7 billion.
https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019
Top 3: Tether (USDT) Is Now The 3rd Largest Crypto By Market-Cap Surpassing Ripple (XRP)
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization.
https://cryptopotato.com/top-3-tether-usdt-is-now-the-3rd-largest-crypto-by-market-cap-surpassing-ripple-xrp/
Upon printing billions of fresh USDT in the past few months, the most widely adopted stablecoin has become the third-largest cryptocurrency by market cap. Tether has now surpassed Ripple (XRP) with its nearly $9 billion market capitalization.
https://cryptopotato.com/top-3-tether-usdt-is-now-the-3rd-largest-crypto-by-market-cap-surpassing-ripple-xrp/
Tether is a very good safe haven in times of need and massive dumps.
Instead of panicking on how to stay safe when you smell the bear, tether can be your hero, all you do is trade to tether and wait for another entry.
Easy and swift.
Instead of panicking on how to stay safe when you smell the bear, tether can be your hero, all you do is trade to tether and wait for another entry.
Easy and swift.
Stable Coin Usage Rates are Increasing Every Day
According to crypto asset analyst firm Glassnode data, addresses holding 1,850 Tether (USDT) are recorded every hour in the Ethereum blockchain, and this number continues to increase rapidly since January.
https://www.somagnews.com/stable-coin-usage-rates-increasing-every-day/
According to crypto asset analyst firm Glassnode data, addresses holding 1,850 Tether (USDT) are recorded every hour in the Ethereum blockchain, and this number continues to increase rapidly since January.
https://www.somagnews.com/stable-coin-usage-rates-increasing-every-day/
Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation.
Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally.
https://www.coindesk.com/bitcoin-demand-pushes-tether-below-1-for-longest-stretch-since-march
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally.
https://www.coindesk.com/bitcoin-demand-pushes-tether-below-1-for-longest-stretch-since-march
Tether (USDT) to Manage Volatility Worries Financial Revolution Will Be Remembered For 100 Years
Volatility worries are eased with stable coins like Tether (USDT). Volatility in the cryptocurrency space will never end, and stable coins are the key to managing volatility worries. With the pandemic here to stay for some more time until a new vaccine is found, investors should prepare to deal with volatility.
https://thecurrencyanalytics.com/14685/tether-usdt-to-manage-volatility-worries-financial-revolution-will-be-remembered-for-100-years/
Volatility worries are eased with stable coins like Tether (USDT). Volatility in the cryptocurrency space will never end, and stable coins are the key to managing volatility worries. With the pandemic here to stay for some more time until a new vaccine is found, investors should prepare to deal with volatility.
https://thecurrencyanalytics.com/14685/tether-usdt-to-manage-volatility-worries-financial-revolution-will-be-remembered-for-100-years/
Bitfinex’s Paolo Ardoino on Tether’s success and scrutiny
Bitfinex CTO Paolo Ardoino has defended his team in light of Tether's alleged involvement in manipulating the Bitcoin price in 2017
https://coinrivet.com/bitfinexs-paolo-ardoino-on-tethers-success-and-scrutiny/
Bitfinex CTO Paolo Ardoino has defended his team in light of Tether's alleged involvement in manipulating the Bitcoin price in 2017
https://coinrivet.com/bitfinexs-paolo-ardoino-on-tethers-success-and-scrutiny/
The reliability of Tether is only moderate because of these stable currency troubles encountered in the past, If you are not required to use USDT you can consider using USDC or PAX.
Tether emerges as popular choice among Asian, European traders; USDC follows
The aggregate stablecoin market cap grew over $10 billion by May, with the same continuing to rise. This dramatic increase in the market cap of stablecoins can be associated with their growing demand among Asian and European OTC traders as an onramp to the crypto-market.
https://eng.ambcrypto.com/tether-emerges-as-popular-choice-among-asian-european-traders-usdc-follows/
The aggregate stablecoin market cap grew over $10 billion by May, with the same continuing to rise. This dramatic increase in the market cap of stablecoins can be associated with their growing demand among Asian and European OTC traders as an onramp to the crypto-market.
https://eng.ambcrypto.com/tether-emerges-as-popular-choice-among-asian-european-traders-usdc-follows/
Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal.Tether is readily accepted by most of the exchanges. So, they are okay as a trading currency. But I'd not recommend holding tether as an long term investment as there had been issues with the basis of valuation and whether the foundation holds the exact amount of cash as the tokens. For longer term interest, decentralized stable coins are a better choice.
Jump to: