Points in Time
Tether at $1.01 on Apr 30, 2019
Tether at $0.99 on Apr 26, 2019
The rise of competing, regulated and fiat backed stablecoins mean the margin of error for #USDT and #TetherLimited is narrowing by the day. Time for other legit, scandal free stable coins operating from the US? twitter.com/...55842
Volume of other stablecoins on major crypto exchanges like Binance rising now.— Joseph Young (@iamjosephyoung) April 26, 2019
Competition is crucial in any market. When one slips, others can emerge as alternatives. In this case, argument can be made that alternatives like GUSD and PAX are better: regulated & transparent. pic.twitter.com/lE4fUA5p68
Overview of Tether
Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens. Tether uses blockchain via the Omni Layer protocol. The Omni Layer protocol is the software with an open source code that interacts with blockchain, ensuring the release and redemption of crypto currency token on the basis of Bitcoin. It is not known how Tether tokens are created. Tether will absorb all Blockchain fees when sending money from your Tether wallet. Despite the stated parity of USDT and USD the cryptocurrency price is always a little off for a few cents.