Review on Tether by Halil Eren Kılıç
The safest port of the crypto money exchange is Tether.
Hello, today I will talk about my Tether experience, which is an important stablecoin. Tether is a stable coin fixed in the US dollar, so I prefer to keep my money in this stable coin when I do not trade. Because I know my money will not lose value while in Tether and I feel safe. So, like other coins, the risk of fluctuation is low, so we can call Tether the safe haven of the market. Since it is the first big stable coin in the crypto money market, it is considered a safe haven for investors. They are not unfair, it is really a great chance for us to have such a coin in this dangerous market. I think that the reason behind this preference is that it is equivalent to the US dollar, because in most countries, domestic currencies are much less valuable than the US dollar. That's why Tether is always preferred. But despite the fact that people trust so much, Tether has been filed a lot in recent years and has gone through a lot of audits, so it may have broken people's trust, but I think Tether will still be the safe haven of people because it is a larger stablecoin now. not available on the market.
Pros
- The safest coin in the crypto currency exchange
- A good investment
- You can send Tether from Tether wallet to another Tether wallet for free.
Cons
- Lost investors' trust with the audits in recent years
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Comments (1)
January 25, 2021
The audit is what will still make users leave this coin. I don't know why they are delaying the inevitable from regulations. Many banks which claim support for the project should even show their holdings of the leveraged fiat Dollars
