Topic: Tethers actually worth $0.94? (Read 791 times)
I read that 1 Tether will always be equal to $1, so where do you get $0.94 valuation?
I also noticed that, when I tried to withdraw funds. It seems respective fee, so this is why Bitcoin price difference on different exchanges.
I think this has happened before. The error was then and prob now with coinmarketcap
The difference is so small, I'd guess coinmarketcap is a few minutes behind. I think the figures look fine, contrary to the opening post. Though I may have missed something? Quote
Total Assets $11,244,909.07
Liabilities (Tether in Circulation)
Total Authorized $14,951,600.00
Authorized but not issued $4,055,022.31
Total Liabilities $10,896,577.69
Shareholder Equity $348,331.37
Liabilities (Tether in Circulation)
Total Authorized $14,951,600.00
Authorized but not issued $4,055,022.31
Total Liabilities $10,896,577.69
Shareholder Equity $348,331.37
I assume they are saying they have $11,244,909.07 in a bank and $10,896,577.69 worth of Tether issued.
Coinmarketcap has
Quote
Market Cap
$14,951,740
16,174 BTC
Volume (24h)
$4,950,370
5,355 BTC
Available Supply
14,951,591 USDT
$14,951,740
16,174 BTC
Volume (24h)
$4,950,370
5,355 BTC
Available Supply
14,951,591 USDT
I think this has happened before. The error was then and prob now with coinmarketcap
no peg appears to have ever survived in the long run. this has some decent backers at least but there's no way i'd be placing any faith in any peg run by anyone.
I think that you might be mistakenly correlating the total Liabilities with issued Tethers. The Authorized but not issued variable is a key to this equasion. Tether's value is 1$ and will remain like this [as long as liabilities keep being honoured].
Tethers are not worth to hold as there is a counter party risk if the devs do not want to honour their liabilites. Then the coin would crash and fall to near zero.
If I would like to convert my holdings to fiat, I might as well hold USD directly. It is much safer and I do not need to worry about any counter party risk.
Quote
Total Assets $11,244,909.07
Liabilities (Tether in Circulation)
Total Authorized $14,951,600.00
Authorized but not issued $4,055,022.31
Total Liabilities $10,896,577.69
Shareholder Equity $348,331.37
Liabilities (Tether in Circulation)
Total Authorized $14,951,600.00
Authorized but not issued $4,055,022.31
Total Liabilities $10,896,577.69
Shareholder Equity $348,331.37
I assume they are saying they have $11,244,909.07 in a bank and $10,896,577.69 worth of Tether issued.
Coinmarketcap has
Quote
Market Cap
$14,951,740
16,174 BTC
Volume (24h)
$4,950,370
5,355 BTC
Available Supply
14,951,591 USDT
$14,951,740
16,174 BTC
Volume (24h)
$4,950,370
5,355 BTC
Available Supply
14,951,591 USDT
Did you understand my question?
terther or USDT value same or equal dollar
equal US dollar
if one USDT same value US dollar, you can trade use tether dollar, in poloniex and bitfinex, value same USD not diference
equal US dollar
if one USDT same value US dollar, you can trade use tether dollar, in poloniex and bitfinex, value same USD not diference
They have more coins than dollars. What's going on? https://wallet.tether.to/transparency
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