RE: Tether

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Tether

in crypto •  7 years ago 

I have a honest question for you. I know that tether is connected to the USD dollar, but besides that what role does the coin actually have? Do you see it having a lasting impact on the crytopcurrency space.

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The role you noted is exactly why it is very useful! The majority of major exchanges currently have no fiat options therefore you can scale in and out of positions FROM tether as opposed to always being exposed to the macro crypto enviroment (ie. having inactive funds sit in BTC, ETH and so on).