Did You Invest in Bitcoin in 2008?
July 13, 2021How to Identify The Next Bitcoin
July 13, 2021Main liquidity provider for cryptocurrency markets.What is Tether?Tether is a US dollar-pegged stablecoin. It is the first stablecoin to be driven to market by Tether Limited and its partner company Bitfinex. Tether has a dollar-backed stablecoin (USDT) and a gold-backed stablecoin (XAUT).What is Tether USD (USDT)?Tether USD (USDT) is a dollar-pegged stablecoin being minted by Tether Limited. These stablecoins have supposed to have a 1:1 ratio on dollar reserves. However, they tend to break this ratio depending on the market demand. Still, Tether generally distorts the reserve ratio of 1:1.What is Tether Gold (XAUT)?Tether Gold (XAUT) is a gold pegged stablecoin being minted by Tether Limited. Its value has been backed by the gold bars from the London Good Delivery bar. Its value is dependent on the price of one troy fine ounce of gold per token.Easily AccessibleTether USD can be accessed from Binance Smart Chain, Tron, Algorand, EOS, Liquid Network, Omni, Bitcoin Cash Standard Ledger Protocol, Solana, and Ethereum. Therefore, you can use various networks to spend Tether USD tokens on various platforms.Pegged to USDBecause Tether USD is a dollar-pegged stablecoin, its value is being pegged to the value of USD. Therefore, USDT is not affected by price fluctuations.TransparentEven though Tether Limited has been under scrutiny for some time under failing to meet reserve requirements, Tether Limited provides an overview of their assets in various currencies.Easily AccessibleTether Gold can be acquired from Tron and Ethereum networks. Therefore, you can keep these tokens on separate wallets to be traded on exchanges.OwnershipEvery XAUT shows the investors that they own one troy physical gold on a specific gold bar. Because these tokens represent ownership rights on gold, they can be redeemed if they were being sold. Even more, XAUT owners can check their status of gold on every detail concerning precious metal.…
