Tether USDT: Can Tether’s Claims of USD Backing Be Trusted?

Tether USDT
Tether USDT

History Repeats Itself for Tether USDT

Tether has a history shrouded in secrecy and attendant doubts about its legitimacy as a stablecoin. Stablecoins serve to minimize the volatility typically experienced in cryptocurrency markets. Stablecoins such as Tether claim to have the backing of the US dollar (USD) and other assets. Tether has been used in the past for various purposes including as a medium of money transfer on exchanges that do not take physical USD. Continue reading