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Author Topic: Why do people buy tether?  (Read 454 times)

OverLabyss

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Why do people buy tether?
« on: June 22, 2020, 06:46:31 AM »
Tether, as of today, is the most popular stablecoin on the market.

As such, it receives a lot of attention and news media coverage. One thing to consider. When a stablecoin declares that it is pegged to a Fiat currency, investors expect that for every $ they invest in, a $ is stored in a bank. Even though it is a great usage of blockchain technology, it complicates things. We can’t be sure if Tether is a scam or not at this point.



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BitcoinQueEs

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Re: Why do people buy tether?
« Reply #1 on: June 23, 2020, 01:08:51 AM »
It's a means of quickly trading into US without having to go through the process of actually selling Bitcoin and transferring it to your bank account. It's useful if Bitcoin has a sudden crash, and people want to mitigate their losses before buying back.

MrSpasybo

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Re: Why do people buy tether?
« Reply #2 on: June 23, 2020, 04:12:28 PM »
Tether is the first stable coin in the world to receive a lot of attention, it has encountered problems with Proof-of-Resever of Bittrex but now everything is fine.
Stable coin in general & USDT in particular helps:
+ make it easier for the community to access crypto without having to understand blockchain;
+ a  save assets store for crypto investors in times of market volatility;
+ is a bridge connecting crypto and fiat.
Polkadot does what Ethereum cannot

bigcash2011

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Re: Why do people buy tether?
« Reply #3 on: June 23, 2020, 11:09:57 PM »
This has been discussed quite many times and if i remember correctly usdt have presented their linked bank accounts to the authorities and they have come out clean which means that their claim of 1:1 fiat to usdt ratio is correct.

BradSow

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Re: Why do people buy tether?
« Reply #4 on: June 29, 2020, 11:51:05 AM »
Compared to 1 year ago the price of Tether has been going up and down along $1. Don't know why tether is popular. I looks like it's hard to trade in this coin.

botva

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Re: Why do people buy tether?
« Reply #5 on: July 22, 2020, 10:44:37 AM »
because stables are good way to save money. also you can make some profit with its ecosystem. another good example of stables is eurg token

hisscotch

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Re: Why do people buy tether?
« Reply #6 on: July 23, 2020, 02:55:02 PM »
Is it good idea to invest in it?

ansi

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Re: Why do people buy tether?
« Reply #7 on: July 25, 2020, 02:07:47 AM »
It's called a Social Bond, whee a group of people create something & agree about it's value, it's the same thing happening to USDT & every Stable Coin you're seeing popping up out there.
The last big USDT External Audit was a big fail, but people are still trusting it because it's the Number 1 of the Stable Coins. The USDT team still trying to make it look more legitimate as backed with real dollars, but who knows man, don't go all USDT though.

Cily7878

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Re: Why do people buy tether?
« Reply #8 on: August 12, 2020, 04:24:50 PM »
I think that it is nothing better than bitcoin. It is a stable cryptocurrency allowing to make money really easy and without any problems. I was trying to get more information here where are a lot of different interesting ways to learn, to buy crypto and also to sell.


 

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