Tether coin

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While Tether has financed over $9 billion in redemptions over the past few days, if liquidity for USDT’s collateral assets dries up, the firm’s ability to redeem USDT for dollars could be impacted. Though it’s unlikely such a significant liquidity crisis could occur outside of a global financial meltdown, it’s clear that many crypto investors believe that there’s a risk to holding USDT over U.S. dollars amid the recent market drawdown.   What is usdm on cryptocom Simona is an editor and author at DailyCoin focusing on the areas where decentralized money meets big centralized capital. She joined DailyCoin in early 2020 after spending years working with advertising and PR for banks and venture capital firms. She stepped into crypto in early 2018, got burned, but discovered a passion for trading. Simona personally holds Bitcoin (BTC).
Tether cryptocurrency
According to Tether's website tether can be newly issued, by purchase for dollars, or redeemed by exchanges and qualified corporate customers excluding U.S.-based customers. Journalist Jon Evans states that he has not been able to find publicly verifiable examples of a purchase of newly issued tether or a redemption in the year ending August 2018. Op-ed: What happens to Tether, stablecoins in the event of dollar collapse? Tether has been the biggest name in stablecoins for years, but earlier this year it seemed like Circle was closing the gap. In August, USDC’s market cap had grown to $53.9 billion, on its way to catching Tether at $63.3 billion, before falling back to about $43 billion. Tether crypto
Tether Price
If you are looking to avoid volatility in the cryptocurrency market, you may want to know how to buy USDT. Tether (USDT) is a crypto asset that mirrors the value of the U.S. dollar. Each USDT is redeemable for $1. This means that you can get the stability of government monies with the efficiency of cryptocurrency. Share this article Many who work with digital assets are familiar with the concept of stable coins. For those who are not, here is a brief description. Cryptocurrencies similar to bitcoin have been created which are backed by standard fiat currencies such as USD, which helps to create a store of value in these cryptocurrencies so that they have little to no volatility in market value. This provides a valuable tool for traders to exchange funds from bitcoin and other alt-coins into stable coins as needed for holding profits in a secure digital currency. The value is at any given point in time $1.00 USD with minor fluctuations in that price.
Tether coin
Unlock crypto's most powerful research platform. WE’VE GOT YOU COVERED! Tether had a 24-hour trading volume of $89 billion at the time of this writing. That makes Tether the most liquid cryptocurrency—beating even crypto market stalwarts Bitcoin (BTC) and Ethereum (ETH). It’s also among the top three largest cryptos by market capitalization.