What Is Tether Cryptocurrency (USDT)? Will USDT Always Be Stable?

What Is Tether Cryptocurrency (USDT)? Will USDT Always Be Stable?

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According to the website of the business that created it, Tether (USDT) is a cryptocurrency stablecoin that is tied to the value of the United States dollar and is backed "100% by Tether's reserves." iFinex, a firm based in Hong Kong, is the owner of Tether. iFinex is also responsible for running the cryptocurrency exchange BitFinex.
RealCoin was the original name for Tether when it was introduced in July 2014, however it was changed to Tether in November of that same year. It started conducting business in February of 2015. Tether, which was initially based on the blockchain of Bitcoin, is now compatible with the blockchains of Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash. It also supports the Omni and Liquid protocols.
As of 14 June 2022, Tether has a market cap of about $72.2 Billion, making it the largest stablecoin in addition to being the third-largest cryptocurrency behind Bitcoin (BTC) and Ethereum (ETH).

🕒 Timestamps 🕒
00:00 Introduction
01:31 Understanding Tether
03:51 Controversy
06:06 How Is Tether Useful?
06:22 Is Tether a Good Investment?
07:06 How Does Tether Stay at $1?
07:32 Final Thought

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