Browsing Concept: USDT

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Opinion: Tether is likely backed by Bitcoin U$ equivalents, not by cash US Dollars [June 2018]
A lot of the controversy surrounding the Tether cryptocurrency seems to focus on whether it is fully backed by US Dollar funds or not. Several relevant questions have been posed in this respect, such as why investors would keep U$ 2.5 billion (as of May 2018) in cash deposited as reserves for Tether, with little […] Exchanges adopting $USDT for $USD valuation should demand a Bitfinex audit
When a large exchange, like Bittrex for instance, adopts USD Tether ($USDT) as their US Dollar reference, they must offer investors some guarantee that the adopted benchmark is somewhat accurate. When you select USDT pairs in Bittrex, the user interface does not show USDT but shows U$ instead, clearly suggesting USDT is the official US […] USDT Tether in a Nutshell
USDT Tether is a useful crypto with its value roughly mirrors US dollars value. The goal was to create a cryptocurrency that is stable and can be used like dollars, only digital. Such coins are so-called “stable coins” in which they maintain a stable price. Essentially, Tether converts your cash into a digital currency, to […]