Tether was sketchy from the start. One alternative might be gold backed cryptos, like Xaurum or the soon to be project of the Perth Mint.
RE: Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD
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Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD
Yeah but probably one of the reasons cryptos have enjoyed such a massive run is that they dont have to be backed by anything really :)
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In my opinion there is no "not backed by anything". The current 'free-floating' cryptos are mostly backed by trust in the crypto-space in general, which is wildly volatile, as partially reflected by the market value of BTC (arguably). A crypto backed by a commodity like gold would provide an alternative to a "stable value" crypto that tether wanted to be.
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