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Coin Reviews

Tether | The token, the utility, the controversy

By February 2, 2018 April 9th, 2019 No Comments

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.

Sources;

https://tether.to/fees/https://tether.to/why-use-tether/

https://tether.to/tether-for-individuals/

https://wallet.tether.to/app/#!/signuphttps://coinmarketcap.com/currencies/tether/#markets

https://coinmarketcap.com/currencies/tether/historical-data/

https://coinmarketcap.com/currencies/omisego/historical-data/https://coinmarketcap.com/#AUD

https://poloniex.com/exchange#usdt_btc

https://www.binance.com/

https://www.huobi.pro/coin_coin/exchange/#btc_usdt

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

https://www.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html

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