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Revainrating 2 out of 5

Tether USDT review

Token Tether (USDT) is released by Tether Limited, a company located in British Virgina Island. Tether was founded by Jan Ludovicus van der Velde, who also served as CEO of Bitfinex and Tether Limited. Of course for traders and lovers of crypto currency, USDT or Tether is already very familiar. Because so many exchanges that use Tether in crypto currency trading such as Bitfinex, Binance, System koin, and many others. USD Tether (USDT) is a cryptocurrency token claimed by its creator to be…

Pros
  • Provide more liquidity for crypto exchange
Cons
  • The safety is questionable due to many hack cases
  • Is not equivalent with USD value

Revainrating 3 out of 5

Tether

Tether is a stablecoin created to be paired with the dollar, well I don't particularly see Tether as an investment currency, due to the simple fact of being associated with a fiat currency, it already loses all its essence as a cryptocurrency, because we know that cryptocurrencies were created to have freedom over our money. So why would I invest in Tether, if I know there is no volatility, yes, we know that an investment requires risks, or we win or lose, that is volatility, if a…

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

Revainrating 4 out of 5

Stable currency

It is a conventional currency converted into tokens, which is backed by the USD dollar, it is centralized, since it is issued by centralized backups, since it is tied to the dollar it makes its fly equal to 1 = 1USD, however, this value decreased to $ 0.76 for each token during sharp declines. It is considered one of the most stable currencies. It is anchored to real coins.

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.  

Revainrating 4 out of 5

Tether (USDT)

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Tether (USDT) is issued on the…

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

Revainrating 2 out of 5

the largest stable coin but not the best

Tether is the largest market cap stable coin and has been the largest onramp into other crypto assets. Tether is widely available, has high liquidity, but has had some issues in the past year with claims that stable coin is not 100% backed and had a recent loss of funds at one of their sponsor backs creating a loss of the 1:1 dollar peg for some time. It is concerning that this stable coin has centralized ownership in a company that is not fully transparent on banking and accounting practices.

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

Revainrating 4 out of 5

Tether

This project gives all its followers and users the ease of integrating into this kind of projects since they take ideas and advice from their users to optimize the platforms and improve it. Every day more so that its users do not have any complaints about it to have better results they focus on their weaknesses to turn them into strengths

Pros
  • Big project
Cons
  • Speed

Revainrating 3 out of 5

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 cry

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.

Tether offers cryptocurrencies which have the particularity of having a constant rate: 1 USDT = 1 $, 1 EURT = 1 €, etc ... Tether, formerly known as RealCoin and was an ordinary altcoin, quite popular with traders, but not to the point of being able to compete with Litecoin, Namecoin or other cryptos. The leaders of Tether therefore decided to change their name to have a positive impact on their business and they were right! Simplifying as much as possible we could describe Tether as a…

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

USDT is the only choice given that have price stability as an asset, that what's gonna make it globally used. Unlike some others that's still categorized as a speculative asset.

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

Revainrating 4 out of 5

Tether is my favorite coin for trading

Tether is my favorite cryptocurrency whenever I trade on exchanges as it gives me the feeling of safety. It is also a good place for assets storing. Also, it is traded widely on a huge number of exchanges so I can easily find a place to trade it against other coins/tokens. However, it is so suspicious when there are a lot of rumors about it transparency. Other people should diversify their holdings in case of bad news in the future

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

Revainrating 4 out of 5

Tether

Tether is probably the most popular stablecoin, a peer-to-peer digital currency with the price tied to the US dollar (1 Tether equals to 1 USD). The project was criticized in 2018 because of a temporary decrease in the price (for a short period Tether cost significantly less than one dollar), but later developers managed to fix this issue. Since that moment the price was close to $1. There's a theory that people behind the Tether project were involved in the Bitcoin price manipulation but…

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

Revainrating 2 out of 5

Scam or best?

Backed ?! each one tether should be backed by real dollars held by Tether Limited in its account. While the number of tethers is verifiable on omnichest info, the amount of actual US dollars can only be substantiated by bank statements or by periodic audits, which the company also encountered during 2018, where the whole system's credibility, often referred to as " Proof of Reserves ” Problems with tether coverage: Suspicious since the end of last year that his coins were not real dollars…

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

Revainrating 4 out of 5

Stable coin Tether review

The main idea of a stable coin in itself is a big step towards a safe blockchain ecosystem. Currently, many new entrants who cannot afford the capital or volatile market buy these tether as a reserve and then use it later as the price is stable to the dollar. However there is no provision to mine the token which might not be a great idea, but to keep the tether valued at $1, it is the necessary step. Tether aims to represent a digital cryptographic value equivalent to Fiat currency, US Dollar

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.

a big loss of influence in the small environment of the stablecoin but other one makes their buerre on this controversy

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

Great Idea, bad execution. I prefer to use TrueUSD which does provide proof of funds, is mainly trusted and, most importantly, has keept a great, reliable and consistent United States dollar 1:1 parity one of the challenges ahead for TrueUSD however would be to simplify the funds recovery process as aiming for a larger adoption by apps, exchanges and other blockchain ecosystem members.

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.

Tether has its place among cryptocurrency filling a niche where fluctuations will not do. As with any cryptocurrency be vigilant and continue to research and keep your eye on the news for any information as you begin investing.

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.

It is a great coin for buying cryprocurrency, stable and backed with USD. It has a quic transaction speed and can be used as cryprowallet, but not as investment.

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"

Tether's currency was introduced in order to bind it to the payment unit. I will not write much about the technical side, because they block reviews like this, referring to the fact that there is a lot of terminology, although how to explain to people that this is really, in fact. Still, I'll try. Since the market of crypto currency is not regulated yet, and it is necessary to pay off, they decided to create an equivalent to the dollar. That is, one tether is equal to one bucks. It seems that…

Pros
  • Stable more or less convenient for calculations
Cons
  • You will not earn on it, there is no trust

Tether is something of a hybrid. It’s a crypto-fiat “stablecoin.” Its value is pegged or rather, tethered to the value of fiat currencies. USD₮ is the currency that Tether most frequently uses. More specifically, 1 USD₮ is intended to remain exactly equal to $1, not a cent more or less. It’s basically a crypto dollar (at least in value). Another currency that Tether uses is the Euro, in the form of EUR₮. And Tether will reportedly use the Japanese Yen soon, in the form of JPY₮. Technically…

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).

Crypto-currency version on USD. To make it easy to buy crypto currencies.

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.