Can Tether Collapse? Inside USDT stablecoin – Katoch Tubes

The heart of cryptos

The heart of cryptos

What is Tether?

Tether or USDT is the popular stablecoin used in the crypto markets. It's value is pegged to USD in a 1:1 ratio i.e  1USD= 1USDT

Who owns Tether?

Created in 2014, Tether is owned by iFinex, a Hong Kong based company that also owns the famous crypto exchange i.e BitFinex.

A brief history

Tether was launched as RealCoin & started trading in 2015 as Tether after rebranding. It further expanded on multi-chains like Solana, Ethereum, Tron etc.

Who Should  use Tether?

Users who do not wish to convert cryptos to fiat and want to save themselves from volatility should  use USDT.

Chains using USDT?

Many famous crypto chains are using Tether as stablecoin. This includes Ethereum, BSC, Tron, Solana & many more.

Can u convert USDT to USD?

USDT is USD in digital form. Since USDT mimics the exact value of USD. It can be easily converted to USD during withdrawals.

Other coin by iFinex

LEO is another token launched by iFinex in 2019. Checkout the details -

Can a Tether  collapse?

Tether is the lifeline of crypto industry and backed by USD. It will collapse if USD collapse or the firm scam the users.

USDT Competitors

Following are the top competitors of USDT-

The Controversy

Allegations were proved against Tether in 2021 for mishandling & misrepresenting its reserve. It paid $40 million fine

Is USDT a good  investment?

USDT is never a good investment. It's a stablecoin that will never appreciate because of the peg. Use it to invest in cryptos.

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