IS Tether (USDT) in danger?
IS Tether (USDT) in danger?
What is Tether (USDT)?
What is Tether (USDT)?
Tether is the leading stablecoin in the crypto industry. It is created by iFinex, the company behind Bitfinex exchange
The fall of reserve
The fall of reserve
Tether audit reported a decline in its reserve from assets worth $82.4 billion to $66.4 in last quarter
The Reason?
The Reason?
It is assumed that the fall of UST had a ripple effect on stablecoins. Investor's lost trust in them & liquidated assets.
The new Auditor
The new Auditor
The news came after Tether appointed BDO Italia, the accounting firm to audit & certify its reserves.
Tether Vision
Tether Vision
Tether aims to lower down its exposure to riskier assets & publish monthly reports by year end like USDC & BUSD
Tether as investment
Tether as investment
Tether is a stablecoin. It doesn't appreciate in value like other altcoins. Avoid investing in USDT
Also Read:
Also Read:
1..
USDT History
1.
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USDT History
2..
Ripple & Travelex
2.
.
Ripple & Travelex
3..
Crypto tax
3.
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Crypto tax
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