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33 Karma

Review on Tether by Wrron Namm

Revainrating 3 out of 5

Tether is a stable currency, closely related to the Bitfinex exchange. It is…

Tether is a stable currency, closely related to the Bitfinex exchange.
It is recommended that you are fully aware of the possible risks before using Tether.
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Pros
  • Stable currency pegged to USD. Adoption across many exchanges - Bitfinex, Binance, OKex, Huobi, Bittrex, Poloniex Historically Tether has not significantly deviated from the backed currency.
Cons
  • Not transparent and no frequent professional audits. Not able to verify if creation of millions of new Tethers is actually backed by USD. Banking issues. Not able to verify if redeeming Tether for USD is possible.

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