What is usdt??

[D.Luffty]

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

[proexcept]

Guys, do you even pay attention to the date of the first post and all prevoius posts? In my opinion it looks very silly and suspicious to bump so old threads.

[Hopeman1]

It needs to be noted that USDT is not a real USD, and there may be a run problem, so be careful, and the company seems to have a suspicion of usddt and no public account.

[Natkist]

This thread was very helpful... Welldone guys

[indika8821]

USDT >>
Tether is a cryptocurrency that its creators claim is pegged to the U.S. dollar. The idea is that it's much more stable than most digital coins that have huge price swings.It was invented in 2015 and theoretically a person would pay $1 for one tether coin.Currently, there are 2.2 million tether in circulation, according to data from Coinmarketcap.com, a website that tracks cryptocurrency prices.

[h55]

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency

[Bryan13]

Based for what i read, Usdt and other tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to btc and to provide an alternative for exchange and wallet audits which are currently unreliable. usdt  provides an alternative to proof of solvency methods by introducing a proof of reserves process.

[hinayupak]

What is usdt? Bitfinex's CEO is also the CEO of a company called Tether Limited, which issues tethers also known as USDT a pegged cryptocurrency that is the tether's value is pegged directly to that of the U.S. dollar. To do so Tether commits to keep the dollar equivalent of all USDT value in reserves at all times. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred stored spent just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe Holy Transaction or Omni Wallet USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.

[kiw_91]

its a crypto that is said to be pegged at 1$ amount. They claimed that each tether is backed by 1$. However, they can issue any amount of tether that they wish. The problem arise when they did not have the true amount of FIAT for each tether issued. Thus making all the court allegations battle for that mistake.

[Encelad]

Tether is created by a company called Tether Limited and is closely affiliated with the Bitfinex exchange.
There are currently more than 2 billion USDT in circulation. The Tether company claims to have fiat currency reserves to back up all the Tethers in circulation, but there is no concrete evidence of this.

Tether recently and unexpectedly discontinued its relationship with the auditors that were going to verify this claim, causing uncertainty about whether USDT is securely backed by US dollar reserves.

Even though the cryptocurrency is pegged at $1, Tether users should note that this price stability is largely dependent on Tether Limited actually being able to support the amount of Tether currently in circulation, and that a loss of value is still possible.

There is no concrete evidence of Tether Limited being or not being able to support the value of USDT currently in circulation.

[oludare1]

Even the information I found about this usdt I don't understand at all, so I can't just come here and be posting something I don't understand, I guess full member, hero member or legendary can have some easy to understand information for us. Will be glad to know. Thanks.

[Hashirama_yo]

I've been into Crypto for over 3 months now and I've never understood Tether until visiting this thread! Thanks guys!!

[Dart18]

It is the freaking Tether that became the escape route of whales. There are still funds there and they will be using it again once the price of bitcoin falls where they could double the number of it.

What a nice strategy but it only affects when other whales agrees to make the same decision and looks like they did it good also pulling the Full of Panic groups.  

The price of it will never go up against USD. It is just the same as it is.

[triciaa478]

USDT is United states Dollar based crytpocurrency called Tetter. It is pegged 1:1 ratio with the us dollar and is the most secured altcoins without much fluctuations.

[edmond66]

well , USDT is pretending to be some coin playing the game as the coin that is guaranteed to remain in the same as 1 USD banknote , but it was proven several times that it's not like that , hacked several times and realized that there is no support for 1 USD guarantee.
While there is a coin which makes Exchanges to guarantee the value of 50 CHF before they list the coin , it's real Elysium ELSM ( www.e-elysium.com ) and in the blockchain it's the only coin which can't be dumped as it's called PREEMPTIVE CONSENSUS VALUE COIN.
MFFV ( minimum fixed face value ).
after this coin gets listed on exchange July 2018 everyone will realize what coin is ELSM.
There is also a donation in plan for supporting children with Down Syndrome , so the exchange will give 0.5 ELSM for every 2 ELSM coins they sell.
USDT is very dirty coin all fake , no support for 1 USD
as well as very pure coin !? the hacker created from thin air 265 milion coins and took 265 million USD for less then 1 hour , not even coin

[enixon291077]

New Trading Pair LYM/USDT Are Available on KuCoin

https://news.kucoin.com/en/new-trading-pair-lym-usdt-are-available-on-kucoin/

[papagapa]

Dollar tether, Tether allows you to store, send and receive digital tokens pegged to dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.

[bibitao25]

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

[hihitao43]

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

[denysrodman]

Full credit to Pete Mercury here, he’s had the balls to let everyone know what actually is going on with Tether. We alluded to this a number of times to try and keep you safer. We didn’t have the balls to fully come out with the statement / report  like he has.