Actually, I did not like the idea of tether or any coin, that is trying to replace tether. Since there are numerous reports that claim Tether is used for manipulating the price, so it does not make any sense to bring some other currency on same lines (Now, instead of tether this coin will be used for manipulation.) Since most exchange already do KYC, IRS also accepts income from crypto currency then it is better to be "real dollar " there.
Just my point, I guess we should not mix "trading cryptocurrency" for profit with doing "anonymous transactions" using crypto currency.
Topic: which stablecoin will reign supreme? (Read 29 times)
there seems to have been a glut of stablecoins arriving recently from gemini, circle and others and all of them are a level of legitimacy way above tether.
will tether be completely replaced or will the KYC/AML stuff that most of these coins will demand turn off exchanges? since it never seems to occur to most traders to attempt to turn tether into real dollars maybe this point is irrelevant.
personally i've never gone anywhere near tether. i might be alot more reassured by something with some verified backing.
if it looks like tether is on the way out, how will that play out? if it starts to be delisted from exchanges i think it's safe to say its peg will collapse as the path to real dollars still isn't that straightforward. will it unearth some ugliness about tether itself or would it be a seamless transition?
are the exchanges that host tether now too invested in it to let it go?
what do you think?
will tether be completely replaced or will the KYC/AML stuff that most of these coins will demand turn off exchanges? since it never seems to occur to most traders to attempt to turn tether into real dollars maybe this point is irrelevant.
personally i've never gone anywhere near tether. i might be alot more reassured by something with some verified backing.
if it looks like tether is on the way out, how will that play out? if it starts to be delisted from exchanges i think it's safe to say its peg will collapse as the path to real dollars still isn't that straightforward. will it unearth some ugliness about tether itself or would it be a seamless transition?
are the exchanges that host tether now too invested in it to let it go?
what do you think?
Jump to: