Pros
- Provide more liquidity for crypto exchange
Cons
- The safety is questionable due to many hack cases
- Is not equivalent with USD value
Pros
- replaces fiduciary currency, thus reducing bureaucracy or regulation at the time of negotiation.
- stability, as there is no great volatility
Cons
- it is an encrypted fiat currency, it will always be linked to a fiat currency.
- has no great purpose except to reduce bureaucratic demands between crypto negotiations on exchanges
Pros
- It is considered one of the most stable with the best price, which attracts a lot of attention from new developers due to its anchorage in real currencies.
- It has generated enormous confidence motivated to use it for purchases around the world
- It is a 100% backed coin.
- Security, reliability, and liquidity in your transactions
Cons
- It is presumed that there is price manipulation by planners and organizers, which has caused the currency to lose credibility in establishments internationally.
- Being a backed currency has turned it into one more formal currency, so for many developers it is not worth taking into account.
Pros
- ITS VALUE IS EQUIVALENT TO AN AMERICAN DOLLAR
- is available on multiple exchange platforms and wallets
Cons
- the loss of funds has been significant in recent years
Pros
- high liquidity
- large circulation
- many exchanges support token
Cons
- centralized
- company does not guarantee supply is 100% backed
- loss of funds in the past couple years
- accounting methodology not fully transparent
Pros
- Big project
Cons
- Speed
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.
Pros
- 1: 1 rate with the dollar making it a very stable currency. It is therefore a good alternative to Bitcoin, which is much more volatile, if you want to use it for online payment.
- Indexed to the dollar. The dollar being one of the most stable currencies in the world, the investment is in fact much less risky
- Available on many platforms
Cons
- Leaving funds in Tether (USDT) carries a risk, will a USDT always be worth a dollar?
- This cryptocurrency is very controversial and many believe that the Tether model is not viable in the long term
Pros
- - backed by collateral on 1:1 Ratio - no confusion on price exchange - has the same value as USD more or less
Cons
- - only served as a payment solution - no speculative action can be made to make profit - doesn't utilize blockchain technology in any creative measure to be a solution to a problem
Pros
- - As trading against fiat is illegal in some countries, Tether is a great way for traders and investors to put safely transfer their assets to the decentralized world, and start their first journey in the cryptocurrency world.
- - Trading with Tether is a good solution who is used to trading stocks against USD or who is afraid of the volatile of cryptocurrency market
- - Tether plays an important role with the companies that need a safe shelter to store their backup funds in case of any fluctuation of their businesses
- - It is traded on most of the exchanges so it is very easy to find a market to buy and sell cryptocurrencies against it
- - The security level of Tether is very high as it is issused on Bitcoin blockchain via Omni Layer Protocol. To host a double spending attack on Bitcoin blockchain, it costs $673,262 per hour which means the possibility of an attack is low
- - Transaction fee for the transaction of Tether is zero (it is usually high on some exchanges and external wallets)
- - Every Tether is backed up by one US dollar and audits happen very regularly
Cons
- - The existence of the treasury backing up Tether is still a big question. There is a lot of time Tether foundation was accused of faking the amounts of money they keep to peg with the value of Tether. Although the everything was cooled down after the controversy broke down, it is suspected that there must be some reasons leading to Tether being targeted from times to times
- - The problem of fiat is they comes with inflation; holding USDT makes the owners face the risks of their funds' reduction
- - Tether is also told to be involve in the market manipulation. There are a lot of evidence shows that they did some malicious activities to control the price of the whole market.
- - There is almost no decentralization in the nature of Tether. Its issuance and pricing are fully under the control of the company behind it
- There are more and more stable coins issued on the market. Many of them are proven to be backed by the real funds with very clear evidence verified by prestige organizations
Pros
- Stable price
- Fast and cheap transactions
- Tether is globally accessible
- The ability to withdraw in fiat currency
Cons
- The coin is centralized
- Reputation issues
Pros
- Several decisions prove that it is used in accordance with the law
- It should be audited
- Proof of reserves
Cons
- There are still views that the whole Tether system is being manipulated by scam
- Problems with Tether coverage
Pros
- The USDT can be used to transfer money over the decentralized network at a cheaper and faster rate. Since the token has been created in a way that it always holds an equivalent value of 1 US dollar, it can be used to transfer money to anyone across the network.
- The main advantage of using USDT on the tether network is the reselling option a user gets on the platform itself. You can withdraw your USDT in fiat currency as well. However, withdrawal in the fiat currency would incur charges over bank transfer.
- USDT also help other crypto platforms to enhance their platform as due to legal bindings they cannot use fiat on the platform. This issue is where USDT comes in as a savior since the token holds an equivalent value of USD.
- USDT is a boon for new entrants in the crypto world. They can make their platform compatible with the tether. In this way, the new startups can exchange their fiat funds for USDT and keep it as a backup fund.
- The token is also said to be very easy to integrate other cryptocurrencies through a specific program. There are many such use case programs available, such as bitcoin wallet integration with the tether.
Cons
- To make purchases of USDT, one needs to provide various documents confirming the identity of the buyer before opening an account. However, the newly formed EXMO exchange provide the option to remain anonymous and does not require any specific identity confirmation.
- The value of US Dollars is not fixed, so the whole aura of 1 USD does not remain true in all senses. However, the point to be noted here is that the volatility level has never exceeded 2-3%, but still, it is not zero.
- There is no provision for public mining of tether, the company holds the sole rights of doing the same. The reason behind it still not entirely clear, but it is quite understandable as it’s not easy to maintain the fixed value against USD unless it is controlled solely by the company.
Pros
- Tether 6th ranking is a stablecoin modeled on the dollar 1Tether = 1dollar, created by exchange bitfinex to have a stable crypto in crisis time, so are system is Proof of Reserves so danc a bank he had to have $ 2 041 301 389 USD which is the Market Cap, created on the Omni blockchain, Total Supply USD 2,580,057,493 Circulating Supply USD 2,016,646,867
Cons
- a controversy place on their reserve in dollar an undertaking of audit to the validated their account and audited tether to showed white paw but the controversy was launched and the invertor one exchanged for other like Paxos Standar ..., USD Coin, TrueUSD, Dai who are other stablecoin
Pros
- The idea seems convenient and innovative, allowing for a quick USD exposure. Furthermore, such a token allow to avoid bureaucratic issues which come with using United States Dollar.
Cons
- Tether has failed to provide reliable proof of full USD backing causing a loss of trust and a drop in price parity. Most people will not require a Big Four audit but a simple reliable audit will be sufficient. Also it the project is backed by the Bitfinex team which some will rather avoid because of their once hacked platform as well as their quite shady exchange platform.
Pros
- USDT is a Tether, which is a cryptocurrency that is tied to a fiat currency for stability. Read on to understand what it is used for, why it was created, and why you might want to get some. It is a cryptocurrency released on the Bitcoin blockchain through Protocol Omni. Its value is exchange rate is fixed or tethered, to the value of the US dollar. The only reason why 1 USDT is actually worth $1 USD is that exchanges keep a reserve of USD to back every USDT in existence. USDT can be spent, traded, or transferred, like Bitcoins or any cryptocurrency. They can also be stored in specialized wallets that are Omni compatible.
Cons
- SWIFT (Society for Worldwide International Financial Telecommunication) transfers are expensive at $20-$30+. Especially if you are using a fiat that is not supported by the exchange because you are then adding a fee for Forex conversion and a percentage on the transfer. Tether charges zero transaction fees between Tether wallets. Cryptocurrencies are volatile when you want to purchase them buy with Tether, not another currency. Currencies are not stable enough as assets. Many exchanges do not take fiat but will take Tether. Taking no position while something is going on. “Cashing out” and waiting for another opportunity or the market timing to be right. Be ready with your Tether. No need to risk and leave money on exchanges.
Pros
- Peggled to USD and widely used in cryptoechanges, great alternative to fiat, quick transactions are great for quick respond for market.
Cons
- Centralized and not-transparent, not really a "cryptocurrency"
Pros
- Stable more or less convenient for calculations
Cons
- You will not earn on it, there is no trust
Pros
- Tether is extremely useful to traders and investors as an alternative to fiat for manyl good reasons: - Tether transaction times are completed in minutes. This benefit is significant because cryptocurrency traders often need to rapidly shift funds, and take advantage ofarbitrage opportunities; - Tether charges zero transaction fees between Tether wallets: - USD is a relatively stable base currency. However, many altcoins are only available for trading on crypto-only exchanges; they accept Tether, but refuse any form of fiat; - Tether is useful for trading strategies: it makes sense for a trader to convert their position to USD₮, and withdraw it to their personal wallet for safekeeping. When the buying opportunity occurs, the trader can quickly transfer their USD₮ back to the exchange to take advantage of it, as opposed to waiting days for a bank wire to clear.
Cons
- Tether is close to the fiat banking system. Tether is also centralized, permissioned, and trust-dependent. Such a system is antithetical to the principles of Bitcoin and other cryptocurrencies.. So, many crypto enthusiasts are naturally skeptical of Tether. In my opinion USD₮ should only be used for short-term trading and transfers, in fact Tether users are protected from the volatility of cryptocurrency, but they’re still exposed to fluctuations in the price of the pegged fiat currency (Usd or Eur). Tether will soon have strong competition from new stablecoin Basis (decentralized).
Pros
- To best used as fiat (USD) in the crypto market. Great for buying crypto-currencies quickly. Team tries to keep USDT 1:1 with USD everyday. sable coin for the most part.
Cons
- Not much to say. Not really good as an investment. Might aswell invest in the US Dollar.
