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[Yugocean]

General
"Tether" is a cryptocurrency token which works on blockchains through open-source Omni Protocol.

Earn
Tether is based on "Buy low - Sell high" with actual fiat currency including Euros and Japanese Yen. Tether is directly bound to the US dollar as stable currency.

Fund
Tether allows all registered users to add and withdraw USD via Bitcoin blockchain. One can purchase, send, receive and store in tether's wallet, or other tether-enabled wallets.

Limits
Tether does not operate in those countries and States of U.S.A, which do not regulate virtual currencies.

Where to use
USDT can be exchanged on leading coin exchange platforms; like exchange with different cryptocurrencies on Huobi, Liqui, Bittrex etc; or for USD on Bitfinex, Kraken or Exmo.

Do you invest/use Tether (USDT)?
What is your experience/review with it?

 

[Robert Knight]

Guys take a look daily at the 24hour tether. it's printing more digital dollars than BTC, Now BTC holds 65% right now. so tell me please how can Tether 24hour every single day be more than BTC. We have a FED Printing BS coins pumping the price, this could cause a massive collapse?

 

[KarthikP]

Usdt is a stablecoin and I prefer to use these kind of coins to make profit while trading other cryptocurrencies. These are good alternatives for fiat money like PayPal.

 

[nischaytv]

Usdt is a coin where it is somewhere linked to us dollar in the value. It is a good coin to trade, just varies 1-3 points. But the withdrawal fee is very high.

 

[windoggo]

I used Tethe, it's quite popular but it hasn't enough ecosystem. Now I'm thinking about eurg token

 

[sannten]

Feel free to suggest your thoughts to my article about Tether https://defiwiki.org/wiki/Tether_(USDT)

 

[Yugocean]

Tether market is up. According to different news data, the Tether (USDT) market cap crossed a $17 billion assets. In coin market, Tether is more than 16.9895 billion. Tether's market started growing recently in September 2020 when it increased from 4 billion to 15 billion.

 

[Wisdom01]

I have invested in usdt and currently have some that i am not planning to sell at any moment from now even if there is increase in the price

I mean i have invest in coins involving the use of use of usdt and i am not having any plans to sell the coin i use the user to trade even if the price increases

 

[Yugocean]

@Wisdom01 Tether (USDT) is stable currency, you invest and they rise, but the value remains nearly 1 Tether = 1 US Dollar.
The price won't rise, it depends on currency to currency compare.
USD (United States Dollar) = USDT (United States Dollar Tether).

 

[crypworld]

I use Tether USDT to transfer from my Payeer account to Binance Exchange.


Binance is one of the cryptocurrency exchanges which accepts Payeer transactions with the lowest fees.

 

[Wisdom01]

@Wisdom01 Tether (USDT) is stable currency, you invest and they rise, but the value remains nearly 1 Tether = 1 US Dollar.
The price won't rise, it depends on currency to currency compare.
USD (United States Dollar) = USDT (United States Dollar Tether).

I know its a stable coin and it doesn't flunctuate that is why i correct my sentence again , you can find it in exchange site

 

[Yugocean]

Chinese Court Bans Tether

Cryptocurrency is banned in China, blockchain is not. Blockchain companies in China pay their employees in USDT, unlike a stable coin like Tether (USDT). But now the Chinese court has banned this too n a lawsuit ruling on 6 July 2022 (Wednesday), when Beijing's Chaoyang District People's Court mandated all employers to use only RMB for salary payments to their employees.​

 

[fiery phoenix]

Chinese Court Bans Tether

Cryptocurrency is banned in China, blockchain is not. Blockchain companies in China pay their employees in USDT, unlike a stable coin like Tether (USDT). But now the Chinese court has banned this too n a lawsuit ruling on 6 July 2022 (Wednesday), when Beijing's Chaoyang District People's Court mandated all employers to use only RMB for salary payments to their employees.​

One of the best decisions by the Chinese government concerning crypto so far.Tether has been under a lot of scrutiny by a lot of regulatory authorities and governments and word has come out that they lack transparency as a stablecoin in the sense of not performing any audits on their reserves and also lying that every tether is backed by one USD.The New York authorities through their Attorney has also banned Tether for these same causes and another which is that Tether overstated their reserves

 

[Yugocean]

Tether will only Support Ether network after merge.

Yes, Tether used to support Ethereum blockchain, but high fees resulted it to accept other options like Tron, BSC, Omni etc. However, recently Ethereum's success in test merge, Tether has declared that it will only support Ethereum after merge, which will happen on mid September.

 

[fiery phoenix]

Its understandable why Tether wants to ztart supporting ETH after the merge,probably the high gas fees and scalability issues.Ethereum promised low gas fees after the full launch of ETH 2.0,and that might be what Tether are waiting for,although I think high gas fees will remain for ETH due to that their blockchain and smart contracts have heavy usage from many projects,perhaps its the busiest blockchain,hence high gas fees

 

[Yugocean]

It's just a made up that Ethereum being the busiest blockchain incurs high fees. In fact the bitcoin blockchain is the busiest. Ethereum once overtook the bitcoin network in 2021, as it introduced new features through the NFT, metaverse. Ethereum's gas charges were very high even before this.

Tether will use ETH only, because it hopes of fees less ETH 2.0

 

[GoldenLady]

I keep any dormant cash and take profits when trading in the form of USDT, especially on Binance. Over time, I've read a lot of reports that complain about the claim that USDT is fully backed by the dollar.

This concern and the others have still not stopped it's use over the years and it's still the stable coin with the highest market cap.
Hopefully they can resolve my issues with time slot doesn't collapse.

 

[Yugocean]

Tether on Near
Now Tether isn't going for Ethereum only, previously it announced to use only ETH blockchain, but now when mearge is just around the corner, Tether has just launched USDT on NEAR blockchain, which is its 13th blockchain, and hardly there is any new declaration of using only ETH,.

 

[fiery phoenix]

Tether on Near
Now Tether isn't going for Ethereum only, previously it announced to use only ETH blockchain, but now when mearge is just around the corner, Tether has just launched USDT on NEAR blockchain, which is its 13th blockchain, and hardly there is any new declaration of using only ETH,.
View attachment 211705

Good move by Tether,the NEAR network is a great network,no congestion issues,high scalability of up to 100,000 transactions per second.Although it is highly scalable network, NEAR has few validators,the last time I checked, it had only 100 validators chosen by the network,and being criticized for being largely centralised bexause of this small figure.But that won't be much of an issue for USDT users

 

[Yugocean]

Trouble in NewYork

Tether has been having problems in New York since it started. Now Judge Katherine Polk Failla has ordered Tether to provide all financial details that are related to $USDT backing in United States dollars and also to provide its partnership information with exchange platforms Bitfinex, Bittrex, and Poloniex. Tether has yet to decide its next move.