Tether is the most famous stablecoin in the cryptocurrency market.
This token is designed to be pegged to the USD. The theory behind it is to provide a medium of exchange that lacks the volatility that is associated with cryptocurrency. People trying to conduct business will not use something that moves 5% in either direction in a morning.
Tether, being pegged to the USD removed the volatility. The challenge with this is that the price of the token keeps dropping. Many are starting to question whether the money was actually behind the currency to begin with.
Click on image to read full article.
Mysterious? To a unsophisticated market maybe... Keep fooling youselves.Ya Ya everyhing is square.
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I'm very doubtful, but hopefully tether holds up long enough for alternatives come out
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According to CoinMarketCap Tether is #8 in volume currently. at $2B, it is really only a sliver of a current $210 Billion total market cap in crypto. So can anyone tell me what that really means? Your expertise and comments to my post are highly welcomed. ![Screen Shot 2018-10-22 at 7.32.03 PM.png] (
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Apparently, I should read the full article before i make a comment... Now that I've read it, I have mixed feelings about whether or not a user can trust Tether... My guess is: If the company is hopping from bank to bank, stay away from it until they prove actual stability.
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