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Tether
Tether is a token backed by actual fiat currency assets, including USD, Euros and, soon, Japanese Yen. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real world currency, Tether provides protection from the volatility of cryptocurrencies.
Alex Dovbnya
New York Judge Extends Suspense in Bitfinex-Tether Case
New York Supreme Court postpones its ruling on the case against Bitfinex and Tether, meaning that they can continue operating normally
Bitfinex Has Already Raked in $1 Bln for Its IEO via Private Sale
Those who invested in soft commitments are still able to get out of the Bitfinex deal, so a public sale is still on the table
Bitcoin (BTC) Shows Unprecedented Level of Stability During the Weekend
💪👀Is Bitcoin becoming a stablecoin?
Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike
🚀📈The coin experienced a whopping 20 percent growth on a week-to-week basis
Tether Ceding Ground to Competitors as Stablecoin Wars Pick Up Steam: Research
Tether remains at the top of its game, but there are multiple stablecoins that could challenge its dominance in the nearest future
