Tether’s USDT Becomes a Great way to Increase Bitcoin Holdings

News

Tether’s USDT has always been a very interesting currency for many different reasons.It is supposed to be pegged to the US Dollar at a 1:1 ratio, which always creates some speculation as to how a company can keep the price at that level. In the case of the USDT price, the value will hardly ever shift, even though it is slightly above $1 right now. What is of great interest is its current trading volume and the USDT price increase compared to both Bitcoin and OMNI. USDT Price Outclasses Bitcoin and OMNI The one boring thing about stablecoins such as Tether’s USDT is how they will hardly ever fluctuate in value. In the case of the USDT price, the value will always remain at $1 or within a 1% difference of that value. Right now, the USDT price is labeled as $1.01, even though people will only get 1 US Dollar for every USDT they trade. It’s an interesting form of currency, even though there are still a lot of questions regarding Tether’s financial situation right now. More specifically, a lot of people are still waiting for an official independent audit of the company’s financial records. Their prior “partnership” with Friedman LLP was suddenly dissolved without any auditing taking place. To this date, it remains a bit unclear why this has happened and whether or not Tether will look for another firm to provide its auditing services. Until they do so, the company will continue to face a lot of…
Source: Tether’s USDT Becomes a Great way to Increase Bitcoin Holdings

Leave a Reply

Your email address will not be published. Required fields are marked *