It's been a long time since Tether issues started.
The main question is…..Is Tether as stable as it promised to be?
Tether is not a central bank, bank or regulated in any way by any country other than British Virgin Islands.
The main question if Tether is backed or not backed by real cash reserves.
There is actually a $1 Million bounty for any pieces of information about these reserves.
Additionally, Tether critics fear that its real use is to keep the price of Bitcoin high.
The main threat for users is regulations and investigations into Tether.
So what can we do to protect our stablecoins?
Above are a few solid options.
What's your favourite stablecoin?
@CryptoTrades #education #stablecoin #tusd #dai #usdc #busd #usdt
The main question is…..Is Tether as stable as it promised to be?
Tether is not a central bank, bank or regulated in any way by any country other than British Virgin Islands.
The main question if Tether is backed or not backed by real cash reserves.
There is actually a $1 Million bounty for any pieces of information about these reserves.
Additionally, Tether critics fear that its real use is to keep the price of Bitcoin high.
The main threat for users is regulations and investigations into Tether.
So what can we do to protect our stablecoins?
Above are a few solid options.
What's your favourite stablecoin?
@CryptoTrades #education #stablecoin #tusd #dai #usdc #busd #usdt