Review on Tether by Gabriel Medina
Tether is that stable currency
Tether is that stable currency that we always need as an alternative even to the same dollar. There has been a lot of emergence in stable cryptocurrencies and with this we can protect our profits in trading, there is a great need for these cryptocurrencies to be anchored to the price of the currencies that we use every day.
These are some of its remarkable characteristics that make it important:
This cryptocurrency, like bitcoin, works as digital money to make transactions faster and easier electronically. Its objective is to change the conventional financial system through something more modern than money. It is backed by Ethereum and is an ERC20 token. Tether breaks the concept of decentralization and is not able to explore the concept of mining.
There are some concerns regarding the USDT exchange, centralization, and its nature which is affected by all its verification methods.
- It is on almost all exchange platforms.
- We can protect our profits and avoid losses in volatile periods.
- It is cheaper to operate with Tether than to use dollars.
- It is backed by its dollar equivalent.
- She has been questioned about her reserve in dollars and even accused of scam.
- It is not an anonymous cryptocurrency.
- It cannot be mined and it does not offer beneficial services.
