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What's good Friends.

Tether, it is what's known as a stable coin. However is token has had anything but a stable start. from rumors and speculations about the holdings of the tokens to its widely adopted use in today's market, Tether is an interesting token.

Join us today as we take a light dive into this unique digital asset and, explore what makes Tether just do darn neat!

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Disclaimer :

We are not financial advisors, this article is not an endorsement for the token or project but rather an informational article for entertainment purposes only. Cryptocurrency has a lot of inherent risk. You should never invest more in your willing to lose. Please do your due diligence and research before making any investments.

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Token Information :

• Web URL: https://tether.to/
• Hive account : (Not on Hive)
• Coin info listing : https://www.livecoinwatch.com/price/Tether-USDT

Market data at time of writing

.	.
MARKET CAP	$16.989 B
VOLUME	$14.354 B
VOL/MCAP	84.49%
ALL TIME HIGH	$1.18

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Why is this token interesting :

Currently, Tether is listed as the third most widely traded digital token. As mentioned above this token is what's known as a "Stablecoin".

What Is a Stablecoin? A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both world’s—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. Source

The reserve asset that Tether uses is the US dollar. As such, each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance.

We can trace back the start of this token to November 2014 when - "Realcoin" rebranded itself as “Tether”. They did this to separate themselves from the Atlcoin mania at the time.

After this, inconsistencies and confusion started to rise as to whether or not Tether in fact held a 1 to 1 ratio of USDT to USD or not. It should be pointed out that they have released third-party audits of their vaults, with the most recent one from June 2018 right here. This is quelled some speculation but there are still those who doubt they have the liquid holdings to backup their current offered supply of USDT.

Tether was made to fill a needed position in the market. This position was to provide bitcoin with a stable cryptocurrency trading pair. As at the time the concurrency market was struggling to establish partnerships with banks. Tether filled this gap.

Despite the ups and downs, Tether has maintained its position as a leader in the stable coin market. Recently as of January 2020, USDT has issued well over 900 million tokens, or about 22% of its total supply. Its demands grow daily with its increased partnerships.

What does the future hold for Tether? Time will only tell if this coin will remain on top or if another stable token will rise and takes its place.

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What do you say?

• Do you have any thoughts or feelings about Tether?
• Do you it will reach mass adoption?

Let us know in the comments below!

Over and out.

- D.Buzz

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