Hello Steemit:

Hope you all are good. Before starting homework, i am thankful to professor @yohan2on for teaching about Stable coins. It is very helpful for me to know more about Stable coins and their features and functions.

Today, i am going to write about Tether Stable Coin which is one of the option of Homework task given by @yohan2on.

Homework Task:

Write about any one of the following stable coins;
Tether(USDT)
Steem backed dollar(SBD)
DAI

What is Stable Coin:

Stable coin is a cryptocurrency which have a fixed/pegged price compared to some fiat national currencies just like US dollars. It helps user to invest and trade digital currency without any loss because this digital currency is fixed in price just like real world currencies.

source

Tether(USDT):

Tether is a blockchain-based cryptocurrency which have a fixed price of 1 US dollars. It is known as the most traded stable coin in the world. It is invented by Brock Pierce, Reeve Collins, and Craig Sellars in 2014. It first name was Realcoin but later on named was changed because of the similarity with other coins.

source

When the need of Tether came in?

Many companies in the world needed to have a license to hold the fiat currency for users. It was difficult for company and exchanges to have a fiat currency and trade it through them. Then there was a need in this type of digital currency which have a same price value just like sovereign/fiat currency. Then Tether was invented to fulfill this need in the market. After the invention of Tether(USDT), traders easily trade in all over the world with the help of this stable coin.

Pros of Tether(USDT):

Secure
Security is the thing investor wants from any coin. Tether provides a transparency and secure platform for investors. That's why there is a minimum risk of losing the invested money in this stable coin.

Easy to Buy and Sell:
Tether is easy to buy and sell. User can easily buy this coin from the official website of Tether.

Easy to Exchange/Transfer Money:
You can easily transfer money through Tether coins without any deduction of transferring fee. And there is no need to convert it into other cryptocurrency for exchanging. If you need to exchange it in US dollars, so you can directly converted it into US dollars.

Cons of Tether(USDT):

Mining is Impossible:
Mining is not possible in stable coin because the nature of stable coin are different from other cryptocurrencies. This coin are directly connected to US dollars that's why it is not impossible to do mining in Tether.

Conclusion:

Tether makes many things easy for companies, exchangers and investors. It provides a digital currency with same worth as fiat currencies. With this invention, many peoples use stable coins and other cryptocurrencies because it provide a ease to users. Tether provides a secure platform which helps many peoples to invest there valuable money without taking risk.

That's it for this homework task which is given by @yohan2on. This article is plagiarism free. Hope you all should gain some knowledge through this article of mine.

Cc:-
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02