Content
Sign in
Content
As long as they were able to swap their fiat for the stablecoin, it did not matter. Often, the stablecoin was used to facilitate other crypto deals, so the matter of exchanging what is tether it back to fiat currency was something of a moot point. Stablecoins form a core part of the broader crypto landscape alongside individual cryptocurrencies.
Though the market is still very volatile, there are many wonderful things about trading and investing in cryptos. Of course, the primary attraction is that they can appreciate very fast and make investors rich within a short time. Long-term investments are even more profitable when you choose the right coin. But that eventuality doesn’t necessarily mean it will favour Tether. Being that it’s Hong Kong based, and US-Sino relations are far from perfect right now, there’s a good chance an alternative stablecoin could become the token of choice.
Overall, USDT has the highest lending (2.1%) and borrowing rates (3.8%) on Compound. Looking across other decentralized finance protocols, we find lending and borrowing rates are mixed across the stablecoins . Therefore, the current market cap of Tether at $79bn is not fully backed by cash equivalents https://www.tokenexus.com/ (only $71bn is). Meanwhile, USD Coin has a market cap of $53bn and holds the same amount in cash equivalents . This suggests there is more peg risk for USDT than USDC, meaning outflows from Tether could continue. With the Fed raising rates, stablecoins could become less attractive.
After the TerraUSD/Luna collapse, all eyes have been on whether Tether (USDT) can maintain its peg. And at least over the past week, the answer has been a clear yes. This suggests speculators have moved away from attacking the coin. Nevertheless, the market cap of USDT has fallen by $1bn over the week, suggesting outflows are continuing. In contrast, the USD coin's (USDC) market cap increased by $0.9bn over the same period. This suggests investors are rotating from USDT to USDC.
Investing in Tether means you are helping to bring stability to the cryptocurrency universe. Tether holdings had sufficient funds to support the circulating tokens ($2.25 billion as of June 2018). Crypto asset investing is highly volatile and unregulated in some EU countries. Cryptoasset investing is highly volatile and unregulated in some EU countries. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
And now that a settlement has been reached, concerns are diminishing. There’s also since been an independent audit conducted into Tether’s transparency and it concluded it to be fully backed by US dollar reserves, further easing concerns. Despite it being backed by the blockchain technology, Tether is surprisingly less transparent than its crypto counterparts. This has led to heavy criticism of the coin and suspicion regarding its purpose.
People trading on exchanges, including Bitfinex, will use/are using Tether to buy other cryptos like Bitcoin. The answer is that Tether can be exchanged for Bitcoin and Ethereum, among others. Exchanges for cryptocurrencies that allow trading in Tether can be used for this. “One Tether equals one underlying unit of the currency backing it, e.g., the US Dollar, and is backed 100 percent by actual assets in the Tether platform’s reserve account. Tether, the world’s most prominent stablecoin is under scrutiny by investors. One of the key characteristics of a stablecoin is its absolute transparency, which according to Mike Novogratz, Tether has not offered to its investors.
By using blockchain technology, Tether users are said to be able to store, send and receive digital tokens mirrored against their chosen currency. THE Financial Conduct Authority has warned people about the risks of investing in cryptocurrencies.
">
Content
As long as they were able to swap their fiat for the stablecoin, it did not matter. Often, the stablecoin was used to facilitate other crypto deals, so the matter of exchanging what is tether it back to fiat currency was something of a moot point. Stablecoins form a core part of the broader crypto landscape alongside individual cryptocurrencies.
Though the market is still very volatile, there are many wonderful things about trading and investing in cryptos. Of course, the primary attraction is that they can appreciate very fast and make investors rich within a short time. Long-term investments are even more profitable when you choose the right coin. But that eventuality doesn’t necessarily mean it will favour Tether. Being that it’s Hong Kong based, and US-Sino relations are far from perfect right now, there’s a good chance an alternative stablecoin could become the token of choice.
Overall, USDT has the highest lending (2.1%) and borrowing rates (3.8%) on Compound. Looking across other decentralized finance protocols, we find lending and borrowing rates are mixed across the stablecoins . Therefore, the current market cap of Tether at $79bn is not fully backed by cash equivalents https://www.tokenexus.com/ (only $71bn is). Meanwhile, USD Coin has a market cap of $53bn and holds the same amount in cash equivalents . This suggests there is more peg risk for USDT than USDC, meaning outflows from Tether could continue. With the Fed raising rates, stablecoins could become less attractive.
After the TerraUSD/Luna collapse, all eyes have been on whether Tether (USDT) can maintain its peg. And at least over the past week, the answer has been a clear yes. This suggests speculators have moved away from attacking the coin. Nevertheless, the market cap of USDT has fallen by $1bn over the week, suggesting outflows are continuing. In contrast, the USD coin’s (USDC) market cap increased by $0.9bn over the same period. This suggests investors are rotating from USDT to USDC.
Investing in Tether means you are helping to bring stability to the cryptocurrency universe. Tether holdings had sufficient funds to support the circulating tokens ($2.25 billion as of June 2018). Crypto asset investing is highly volatile and unregulated in some EU countries. Cryptoasset investing is highly volatile and unregulated in some EU countries. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
And now that a settlement has been reached, concerns are diminishing. There’s also since been an independent audit conducted into Tether’s transparency and it concluded it to be fully backed by US dollar reserves, further easing concerns. Despite it being backed by the blockchain technology, Tether is surprisingly less transparent than its crypto counterparts. This has led to heavy criticism of the coin and suspicion regarding its purpose.
People trading on exchanges, including Bitfinex, will use/are using Tether to buy other cryptos like Bitcoin. The answer is that Tether can be exchanged for Bitcoin and Ethereum, among others. Exchanges for cryptocurrencies that allow trading in Tether can be used for this. “One Tether equals one underlying unit of the currency backing it, e.g., the US Dollar, and is backed 100 percent by actual assets in the Tether platform’s reserve account. Tether, the world’s most prominent stablecoin is under scrutiny by investors. One of the key characteristics of a stablecoin is its absolute transparency, which according to Mike Novogratz, Tether has not offered to its investors.
By using blockchain technology, Tether users are said to be able to store, send and receive digital tokens mirrored against their chosen currency. THE Financial Conduct Authority has warned people about the risks of investing in cryptocurrencies.
