I made a tether account to see how it is, but this message appears
"Tether.to and USDT are unaffected by the recent events at Bitfinex. However, automated conversions between BTCUSDT are currently offline due to non-availability of the Bitfinex exchange API."
I searched on google and did not find any news anyone knows what happens?
You dont need a Tether account, just leave USDT on your exchange. Caveat - Leaving funds on an exchange has its own set of risks, its best to keep everything that you cannot afford to risk losing in your personal wallet where you control your private keys.
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I dont have USDT only BTC, anyway is only 0.062BTC not big deal.
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1 USDT is virtually equivalent to $1, it is a coin tethered to the US Dollar. So when you sell your BTC, you can store your sale in USDT while you wait for a future transaction. Its the same thing as holding USD, but keeping it in the form of a coin. I don't know anyone who actually buys USDT to hold, your the first person I have come across that talked about the official Tether wallet - but its the perfect coin to use as a temporary store in your exchange until we make the next trade. I hope this helps!
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