Review on Tether by Aman Arora
Usdt market safe heaven crypto asset
Tether or Usdt is a stable coin which is used is digital Cash form of US dollars but it is nit backed by any bank and that is why it is the most controversial coin in crypto industry.
USDT was launched to provide safety in the markets by issue loans in digital cash form ans since the launch USDT has gain lot of popularity and become the third largest coin in terms of market capitalization.
You can easily use USDT as collateral & convert it into any coin any use cryptos way you like. You always have an idea how much of total value you have to return which changes dramatically over a period of time with any other crypto.
USDT is also used as arbitrage by exchanges which use to sell when value arises and buy at other exchanges ans make profit with arbitrage.
USDT or tether is a digital cash of US dollars but it not backed by any bank and that is why it is the most controversial coin exists in the crypto industry.
There is always a question or eye brows be raised when market capitalization increases with value of ether ans btc rises but with that tether supply has to be rise to match total capitalization.
Traders often use USDT to be part of their portfolio against market volitality and concert or use it whenever they want to invest in any other form of crypto or altcoin.
Pros
- Tether is only crypto currency termed as safe heaven
- Can be used in portfolio to convert in any crypto of your choice
Cons
- No return is possible for acquiring or holding Tether
