Review on Tether by ava sandres
Tether cryptocurrency - most famous stable coin
This is one of the most divisive stable currencies in the cryptocurrency market, as it is the third most valuable cryptocurrency in terms of market value.
Its major feature is that it is 1:1 linked to the dollar, which means that each token created is backed in dollars, according to official sources.
According to special reports from the same tether foundation, it only has $ 0.75 as a backup for each asset released, and its link with Bitfinex raises suspicions because it is possible that they are just boosting volume owing to their reliance on the aforementioned exchange.
Tether is the most popular stablecoin on the market, with a significant market share.
Pros
- Compatible with a variety of wallets and listed on nearly every encryption exchange.
- You may transfer a comparable amount in dollars to any country in the globe without any limitations.
Cons
- There are issues with the issuance of these assets, since research suggests that Tether is not fully supported.
