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Author Topic: What is usdt??  (Read 68664 times)
heureca
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January 15, 2016, 06:50:50 PM
 #1

Can anybody enlight me  Huh
Thx

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bronepoezd
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January 15, 2016, 08:20:04 PM
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also interested
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January 15, 2016, 09:11:31 PM
 #3

Pretty sure USDT is Tether dollars: https://tether.to

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July 02, 2016, 12:37:10 AM
 #4

I cant find USDt announcement thread here.

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July 02, 2016, 01:38:35 AM
 #5

Tether (USDT)
http://coinmarketcap.com/assets/tether/

They don't list a forum.
https://tether.to/ Website lists , Bottom Right
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July 02, 2016, 02:29:06 AM
 #6

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether
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July 09, 2016, 03:12:49 AM
 #7

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether
Hmmm i only understand your first and second line. The rest is kinda messy for me. Anybody can explain this more better.
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July 09, 2016, 04:19:00 AM
 #8

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether
Hmmm i only understand your first and second line. The rest is kinda messy for me. Anybody can explain this more better.

Blockchain equivalent of a US dollar, read this!

https://tether.to/faqs/
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July 09, 2016, 05:31:25 AM
 #9

An observation with trading this asset:

Although the price is supposed to.be fixed to a USD, and its consequent value in bitcoin, it's usually traded on order books that don't provide liquidity at the assumed price. Expect to take a 5% haircut until this gets alot more popular. If you use this asset, be wary of purchasing large amounts; it will take you a few days to ease out if you don't like putting up sells.
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July 09, 2016, 05:57:37 AM
 #10

Can anybody enlight me  Huh
Thx

It is pegged to usd. I think places like Poloniex use it instead of usd to (hopefully) escape legal prosecution.
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July 09, 2016, 03:59:50 PM
 #11

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether

I wonder how do they do it? Tether also offer eurot and JPNt. If I understand it correctly, they sell a coin at bitcoin to dollars rate. It only fluctuates when the btc/usd price fluctuates. So if you like to get USDt, you will be paying for an overpriced altcoin. I'm not sure if this is tied to USD... maybe this is just a made-up coin to represent the equivalent value of the fiat outside the banking system.

they should create an announcement thread here so we dont have to go to their website or google the info about of USDt and benefits owning it!?!

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July 09, 2016, 06:10:40 PM
 #12

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether

I wonder how do they do it? Tether also offer eurot and JPNt. If I understand it correctly, they sell a coin at bitcoin to dollars rate. It only fluctuates when the btc/usd price fluctuates. So if you like to get USDt, you will be paying for an overpriced altcoin. I'm not sure if this is tied to USD... maybe this is just a made-up coin to represent the equivalent value of the fiat outside the banking system.

they should create an announcement thread here so we dont have to go to their website or google the info about of USDt and benefits owning it!?!

You're right, they should provide more informations about it.

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July 09, 2016, 06:31:58 PM
 #13

https://wallet.tether.to/transparency

hmmm...

"Tether is always fully transparent"

"Our reserve account is regularly audited"

Although information seems fairly limited and I don't see anything specific about these audits  Huh

Then again, market cap is about 6 million usd so seems reasonable that they could hold that much in reserve.  But what is the business model?


This seems to be the blockchain explorer listing transactions:
http://omnichest.info/lookupsp.aspx?sp=31
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July 09, 2016, 07:10:21 PM
 #14

To the best of my understanding, tether has reserved x of each fiat they have a tether for. There is only enough tether in circulation to cover the reserve. Therefore, you can always redeem tether on their platform if you send it to their on platform wallet. Problem is, a USDt is usually a little more expensive in bitcoin than an actual USD. Also, transactions are kind of slow, the last time I used it. Master coin transaction, I think.
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July 09, 2016, 09:31:12 PM
 #15

USDT is fiat money is basic system with blockchain tehcnologi, you can find wallet USDT dollar tether with link tether.to
marketplace exchanger support USDT poloniex and bitfinex
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July 09, 2016, 09:51:08 PM
 #16

It's not much different than holding USD at an exchange. You have to trust that tether will actually pay you. It's just a layer on top of bitcoin as far as I can tell. Apparently there is something called a tether enabled wallet, but I haven't found any one can use. So you have to keep it at an exchange or at the tether website.

It doesn't make sense why they wouldn't release a wallet imo. Also there hasn't been any activity on their social media accounts in a year. If you believe what they say about backing every tether with a dollar then it's probably safe. But the lack of activity means it probably hasn't been profitable for them so they're just sitting on the idea.
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July 10, 2016, 01:30:51 AM
 #17

It doesn't make sense why they wouldn't release a wallet imo. Also there hasn't been any activity on their social media accounts in a year. If you believe what they say about backing every tether with a dollar then it's probably safe. But the lack of activity means it probably hasn't been profitable for them so they're just sitting on the idea.

I agree.. a lot of things about this don't instill confidence.  The only reason I can see to trust usdt is its association with Polo and Bitfinex.  Presumably these exchanges did some kind of due diligence.  This being crypto though, this could all end in disaster.
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August 30, 2016, 03:55:31 AM
 #18

why do poloniex.com use USDT instead of btc on trading some alt coin?
are their any reason behind it im sorry im just starting trading in poloniex.
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August 30, 2016, 05:04:56 AM
 #19

also interested
Tether, the first blockchain-enabled platform to allow fiat currency to be used like bitcoin, has officially been released on the instant crypto exchange. (if you know some exchange website) This integration will now make it painlessly easy to dodge bitcoin's volatility by utilizing the crypto coin version of USD. This is a new alt coin this is good for sure.
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August 30, 2016, 01:59:09 PM
 #20

USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether

I wonder how do they do it? Tether also offer eurot and JPNt. If I understand it correctly, they sell a coin at bitcoin to dollars rate. It only fluctuates when the btc/usd price fluctuates. So if you like to get USDt, you will be paying for an overpriced altcoin. I'm not sure if this is tied to USD... maybe this is just a made-up coin to represent the equivalent value of the fiat outside the banking system.

they should create an announcement thread here so we dont have to go to their website or google the info about of USDt and benefits owning it!?!
it's pegged... you can always go to tether page and swap your coins to real dollar.
that's why the price stay at 1:1.

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