Can I trust Tether? Is USDT safe?
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Tether. The largest stable coin in the world.. can’t seem to stay out of trouble.
Shady ties to shadow banking, lawsuits, and potential connections to short-term Chinese corporate debt..
If true, this would have a cataclysmic effect on the crypto market.
So is it the end for Tether? should we be worried about USDT?
What is USDT (Tether)?
Tether is a fiat-collateralized stablecoin under the ticker symbol USDT
This is a fancy way of saying Tether is a crypto that is always worth 1 US dollar… this offers the ability to buy and sell blockchain-based assets without having to worry about price fluctuations.
The idea is if investors don’t have to worry about volatility they will leave their money deposited on crypto exchanges
This video explores Tether’s reserves, Tether’s connection with Bitfinex, and how stablecoin lending rates are so high.
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*I am not a financial advisor. This is not financial advice*
