Tether coin reddit

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15/1/2021

Oct 20, 2018 · Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies. Tether to USD Chart USDT to USD rate for today is $1.00 . It has a current circulating supply of 34.8 Billion coins and a total volume exchanged of $194,421,864,595. Tether is reported backed one-to-one by traditional currencies ($, €, ¥) held in reserves with $1 equivalent to 1 Tether (USDT) which could provide protection against cryptocurrency price volatility.

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USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process. In the Tether Proof of Reserves system, the amount Tether Limited, the company behind this asset, has been promising audits of their Dollar reserve, but to this day did not allow anyone independent auditing firm to verify their claims. The people behind this coin are the same as behind the cryptocurrency exchange Bitfinex. About Tether Coin. Tether price today is $0.999441 with a 24-hour trading volume of $136,166,172,479. USDT price is down -0.0% in the last 24 hours. It has a circulating supply of 35 Billion USDT coins and a max supply of 34.9 Billion.

So, they trade their BTC or altcoins for Tether instead. Then, when the market or a specific coin seems low in price, people can buy tokens using their Tether. It’s an easy way to move in or out of cryptocurrencies without risk during volatile markets. Tether (USDT) is available at nearly every legitimate crypto exchange.

Tether coin reddit

Price = 1 USD. Watch. Add alert.

Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses. Nevertheless, tether is a very popular token and is used by a number of exchanges Reddit. Facebook. Instagram. Downloads. Android. iOS.

However, Tether has stayed amazingly steady at or around $1 since its inception in 2015, regardless of public fear of rhetoric. 11/1/2021 Tether (USDT) historic and live price charts from all exchanges. Find all related cryptocurrency info and read about Tether's latest news. Tether is one of the top digital assets in the crypto-sphere.

You can see on their " Transparency " page that they've issued about $270 million worth of their coin, up from $50 million just three months ago . Now, in theory, that means that they've been paid $220 million USD over the last 3 months, because they supposedly keep a 1:1 reserve of US dollars Stable digital cash on the Blockchain. 100% Backed. Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Tether Price (USDT).

Tether coin reddit

Tether Price (USDT). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. 14/1/2021 Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses. Nevertheless, tether is a very popular token and is used by a number of exchanges Reddit. Facebook.

Now, in theory, that means that they've been paid $220 million USD over the last 3 months, because they supposedly keep a 1:1 reserve of US dollars PLOT TWIST: Tether pumps BTC to >$100 000. Thereafter after too much public outcry regarding the fraud, the NY court issues cease and desist order to Tether exact at the same time when the US Congress passes the stable coin act, which outlaws unregulated stablecoins and only US banks can henceforth issue them. Stable digital cash on the Blockchain. 100% Backed. Every Tether token is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”).

Tether coin reddit

Gridcoin is both a PoS and PoR coin and by combining these two, PoS gives the coins its desired security and also its energy-saving features. Tether, otherwise known as USDT, is a cryptocurrency built on the Bitcoin blockchain (via Omni Layer) and founded by a Hong Kong-based company, Tether Limited. Tether is anchored to the US dollar, where every tethered cryptocurrency issued in circulation is backed by a 1:1 ratio by US dollars. r/Tether: Tether is a blockchain-enabled platform designed to facilitate the use of Tether announces loan repayment by Bitfinex ⬇️ coindesk.com/judge-.

Tether is a stablecoin pegged to the US Reddit gives you the best of the internet in one place. Get a constantly updating feed of breaking news, fun stories, pics, memes, and videos just for you. Passionate about something niche?

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It's now time to seriously reconsider USDT - Tether legal council admits stablecoin not backed 1:1. OC. Close.

The creators of this token claim that the coins are backed up by fiat. With Tether, the investor can trade US Dollars for Tether coin 1:1.

Tether has traded $197,660,027,016 USD in the last 24 hours.Tether (USDT) is the #3 largest cryptocurrency by market cap as of February 23, 2021, with a market cap of $34,759,404,436 USD.How Many . Tether Coins Are There?There are currently . 34,761,096,222 Tether coins circulating out of a max supply of 35,708,167,441.

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Tether, otherwise known as USDT, is a cryptocurrency built on the Bitcoin blockchain (via Omni Layer) and founded by a Hong Kong-based company, Tether Limited.