Tether (USDT) price has finally stabilised

[davinmark]

Heyaaa whats up stakers!  

Who is here investing in USDT? I just read some news about price of Tether (USDT) temporarily regained parity with the U.S. dollar Wednesday.

Notably, the USDT has been flowing consistently into a wallet controlled by Bitfinex, suggesting that the exchange is doing a lot of redemption. The term, as used in the Tether white paper, refers to holders' USDT exchange ability directly for U.S. dollars through Tether Ltd., many service people say is not in practice available.

And according to CoinMarketCap, tether holds a key place in the crypto ecosystem. Traders have used it as a way to speed up withdrawals and deposits to exchanges, which are often slow when using fiat currency, as well as a way to insulate 

So whats your thought about USDT nowadays?

Source : https://www.coindesk.com/tethers-price-has-stabilized-but-the-stablecoins-supply-is-still-shrinking/

[otomatis]

1 minute ago, davinmark said:

Heyaaa whats up stakers!  

Who is here investing in USDT? yep. i just read some news about Tether (USDT) the price of the Tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday.

Notably, the USDT has been flowing consistently into a wallet controlled by Bitfinex, suggesting that the exchange is doing a lot of redemption. The term, as used in the Tether white paper, refers to holders' USDT exchange ability directly for U.S. dollars through Tether Ltd., many service people say is not in practice available.

And according to CoinMarketCap, tether holds a key place in the crypto ecosystem. Traders have used it as a way to speed up withdrawals and deposits to exchanges, which are often slow when using fiat currency, as well as a way to insulate 

 

So whats your thought about USDT nowadays?

 

Source : https://www.coindesk.com/tethers-price-has-stabilized-but-the-stablecoins-supply-is-still-shrinking/

i've already leave USDT since it's getting famous because i didn't trust them yet. there is no real 1:1 coin to fiat

[Neo-rock]

Well it's good to hear that because in most of the exchanges instead of using PayPal as a stable USD they used this coin because it was considered to be always 1$ so that they can buy the exact amount of a certain coin at the price of 1 USD. Hopefully the coin doesn't drop anymore.

[EddieFx]

It’s nice to hear, hope they are 1$ and don’t drop anymore!