What is Tether?
In this video, we take a detailed look at Tether, the cryptocurrency supposed to be a 1:1 value, pegged and backed by the American dollar. This cryptocurrency is widely used in different cryptocurrency markets to trade between other cryptocurrencies, such as Bitcoin, Ethereum, Ripple or more.
Tether recently has come under scrutiny as connections between Bitfinex have been identified through leaked documents called the paradise papers. Tether has also been accused of not holding 1:1 cash reserves as stated, lowering overall confidence in the cryptocurrency and Bitfinex.
Beau is the Founder & Chief Editor at Cryptocurrency Australia Media, an educational platform designed to help anyone learn about cryptocurrency investment and blockchain technology. Beau is also the Founder & Principal Consultant of Blockchain Management Solutions, a specialist technical and project management consultancy, is an advisor with Masternode Ventures, a blockchain incubator, and is an advisor with THORChain, a new decentralized exchange protocol.