Review on Tether by Sergio Daniel Delgado
Something from Tether
The Tether was born as a stablecoin within the crypto market. That is, a currency whose value is backed by an asset reserve. In this way, the volatility normally associated with other cryptocurrencies, especially Bitcoin, is avoided.
For this reason, the Tether tries to be a midpoint between traditional cryptocurrencies and fiat money. In this way, investors can avoid the risk associated with operations with Cryptoactiv
This, in addition, allows it to serve as an intermediary currency in cryptocurrency exchanges, being an equivalent of the dollar within the crypto world.Well, if there is no bid / ask between two cryptocurrencies, you can always count on there being an offer of both for Tether. What will allow to outsource the sale, and execute ultimately..
Pros
- it is clear why it is one of the main cryptocurrencies in the market. And it is that, the Tether stablecoin is one of the fundamental pillars of cryptocurrency transactions worldwide.
Cons
- The trust issues this currency creates are not something that can be easily ignored. The fact that people doubt the main attraction of Tether, that is, its reservation in in American dollars, it is serious. And if it is true that Tether, on purpose and in order to deceive users, hides information about the true size of its reserve. This would not only represent a crisis of confidence within of the crypto world. But the very uncomfortable situation of seeing a cryptocurrency behaving in the same way that a Central Bank does with fiat money.
