What is Tether (USDT)?
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Our take on TetherTether is likely much less stable than the creators would like you to think. Tether has been sued by multiple US government agencies for allegedly misrepresenting how much they actually hold in reserve. That means the company could run out of money if many people want to exchange Tether back to cash. But we like the versatility of Tether as a payment method. It has the ability to operate on multiple different blockchains at the same time, including Bitcoin, Ethereum or Solana. That means payments work between blockchains, which is like sending money from your Paypal to a friend’s Venmo.
How do you feel about Tether?
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What makes Tether special?
Interesting facts about TetherHere are some facts you may not already know about Tether. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Only 3% of Tether is actually backed by cash.
Tether has been criticized and sued for the company's intransparency about the assets that actually back it.
Tether is the largest stable coin and widely used to send money around.
Tether reviews from the cryptohunt communityDive deeper into the different opinions about Tether and learn how others feels about it.
I wouldn't park my money in Tether. The company is really shady about telling everyone how "stable" those investments actually are. Do yourself a favor and check out the Wikipedia article for another source. There are a bunch of alternatives out there. USDC comes to mind, which is fully backed by cash and audited. Or if you care about minimal transaction costs, Celo USD.
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Community ReviewsBased on 1 community reviews