USDT – Tether

Tether
Crypto ScoreApplicationIndustryLiquidityVolatilityVolumeMarketcapVolume (24h)SupplyLast 24h

Tether is a 1:1 US Dollar to Tether coin. It does this by issuing new coins to keep price levels around the $1 mark. Although the controversy surrounding this coin is complex, it stems from their claim to have every Tether backed by a dollar. After being dropped by their bank in mid-2017, they have yet to produce an audit verifying this claim and continue to print Tether. Although it is able to stay relatively constant, dips in the price of Tether have definitely been seen, and there are doubts to whether it is actually backed 1:1, Tether for Dollar, so the token may not actually be worth as much as they’re saying. For a full crypto coins list check out CryptoScores full Coin Index.


Beta CoefficientN/A (Fixed Price)
CategoryCurrency


Whitepaper

https://tether.to/

https://cointelegraph.com/explained/tether-case-explained

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