Tether (USDT)

[DesktopCommando]

For this Communities Information - USDT is going to be listed free of charge on https://emblemvault.com/ 's DEX, due to be released very soon.

https://coinscribble.com/emblem-vault-announces-support-for-more-than-500-cryptocurrencies/2085/releases/34/

https://github.com/DecentricCorp/coininfoplus/blob/master/lib/alts.js

for more information have a look at our Bitcointalk page https://bitcointalk.org/index.php?topic=1652345.0

[anatolij.shishkin]

Since this is supposed to be tied to $, can anyone explain why Tethers value is not static?  I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point.  Are people actually trading the coin?

I think these are small corrections of this coin. According to the dynamics of growth or decline. Maybe such an insignificant bonus stabilizes withdrawal from exchanges with large volumes. I think if you need such information it is better to learn it from official sources.

[hohuan101]

Since this is supposed to be tied to $, can anyone explain why Tethers value is not static?  I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point.  Are people actually trading the coin?

Tether is a stable coin. It is guaranteed from the bank.

For example, if the total supply of tether is 10 tokens, and they guarantee that the bank is 10USD, then the price of 1USDT = 1USD. If there are 10 tokens but they guarantee 11USD then the price will be 1USDT = 1.1USD.

That's the reason the USDT price changes.

[el kaka22]

That is not why it changes, it changes because sometimes people sell usdt too much for a reason and it drops a lot however since its pegged to 1 dollar when it drops too much it goes back up and can't be dropped insanely low since there is always a 1to1 ratio that will be covered by the company which means if it drops too much people would buy it and sell to bank to make a profit whereas sometimes people buy too much of it for some reason but at the same logic it would not make sense to pay too much for something that worth 1 dollars which is why it drops back down.

So, it is regular market volatility with the idea of arbitrage right behind it making it move up and down but lately the news that usdt is not pegged 1to1 anymore made it move a lot more up and mostly down.

[jarhed]

Since this is supposed to be tied to $, can anyone explain why Tethers value is not static?  I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point.  Are people actually trading the coin?

Tether is a stable coin. It is guaranteed from the bank.

For example, if the total supply of tether is 10 tokens, and they guarantee that the bank is 10USD, then the price of 1USDT = 1USD. If there are 10 tokens but they guarantee 11USD then the price will be 1USDT = 1.1USD.

That's the reason the USDT price changes.

I think everyone agrees that this token is a very convenient tool on the market that will allow you to take profits.

[deebawriter]

I recently heard that tether is going Launch Chinese Yuan-Pegged Stablecoin ‘CNHT. Is it true?

https://btcmanager.com/tether-to-launch-chinese-yuan-pegged-stablecoin-cnht/?q=/tether-to-launch-chinese-yuan-pegged-stablecoin-cnht/&utm_source=Facebook&utm_medium=socialpush&utm_campaign=SNAP&fbclid=IwAR1_uHUi9Pw97EK3FErMQQBlk49ibQ-JU8ZWCaFtyl8_o_GXd5AkbFn5BXk

[muhhentuhhen]

Since this is supposed to be tied to $, can anyone explain why Tethers value is not static?  I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point.  Are people actually trading the coin?

Tether is a stable coin. It is guaranteed from the bank.

For example, if the total supply of tether is 10 tokens, and they guarantee that the bank is 10USD, then the price of 1USDT = 1USD. If there are 10 tokens but they guarantee 11USD then the price will be 1USDT = 1.1USD.

That's the reason the USDT price changes.

I think everyone agrees that this token is a very convenient tool on the market that will allow you to take profits.

Tether is centralized and depends on how positive users are about the dollar. This is completely contrary to the principle on which Bitcoin works. Thanks to pegging to the dollar, it can solve one of the biggest problems of digital money- high volatility. Sudden changes in value can enrich or ruin an investor, so many still do not risk investing in it.
Tether works on a stable dollar, and not with reference to other currencies. This provides higher cost stability in the market.

[sunsilk]

I recently heard that tether is going Launch Chinese Yuan-Pegged Stablecoin ‘CNHT. Is it true?

It's on the news and coming from the two most popular crypto media sites, coindesk and cointelegraph so it must be true.

https://www.coindesk.com/tether-to-issue-stablecoin-backed-by-chinese-yuan-in-belgian-bank-insider

https://cointelegraph.com/news/tether-plans-to-issue-cnht-a-chinese-yuan-pegged-stablecoin

In summary, they are still on the planning phase.

[Google+]

I recently heard that tether is going Launch Chinese Yuan-Pegged Stablecoin ‘CNHT. Is it true?

It's on the news and coming from the two most popular crypto media sites, coindesk and cointelegraph so it must be true.

https://www.coindesk.com/tether-to-issue-stablecoin-backed-by-chinese-yuan-in-belgian-bank-insider

https://cointelegraph.com/news/tether-plans-to-issue-cnht-a-chinese-yuan-pegged-stablecoin

In summary, they are still on the planning phase.

although there is good news like that I think it's still very difficult to make usdt do price increases, what I know is usdt is bound by usd price movements so for example rising prices that will not make usdt have a lot of price increases.

[sunsilk]

although there is good news like that I think it's still very difficult to make usdt do price increases, what I know is usdt is bound by usd price movements so for example rising prices that will not make usdt have a lot of price increases.

USDT price doesn't really increase. You are right that it's attached to US dollar and that's why it's called stable coin. Everyone is aware that USDT doesn't fluctuate that much. But for this news, this is haven't launched yet.

I don't think that this is even a good news, those institutions can't rely to crypto's that are fluctuating much because it can cause them a lot of money, so that's one reason why it's the best solution for them if they want to involve themselves into crypto, to use and adopt stable coins.

[Tallos]

I have seen that Tether is not backed 100% by USD dollars.  They claim to backed also by loans and other digital assets. It is not a problem at all until debtors will not stop paying their debts, but it is happening, right?

[distr@yopmail.com]

I have seen that Tether is not backed 100% by USD dollars.  They claim to backed also by loans and other digital assets. It is not a problem at all until debtors will not stop paying their debts, but it is happening, right?

USDT is a stable crypto, it can't be like a fiat dollar, but USDT is a crypto that saves many people from huge losses. I think a day trader must use USDT to keep the value of their assets safe.

[guoyu78]

I have seen that Tether is not backed 100% by USD dollars.  They claim to backed also by loans and other digital assets. It is not a problem at all until debtors will not stop paying their debts, but it is happening, right?

Tether is a project sitting on a time bomb and when it explodes, it would be one of the biggest scam of the history like that of bitconnect, tether has been over hyped for too long and their secret is beginning to open to people and one of it is what op and you have mentioned. They claim to be stable but we still experience some fluctuations a lot in it and I think it is just one of the thing they are using to make money, just like banks.

If I am to consider the real stable coin, I would be looking at USDC alone because this stable coin is what I have seen that their value never changes since they were created, so they are the ones that truly portray the real stable coin for now ill maybe other ones like libra is being released.

[Psynthax]

I have seen that Tether is not backed 100% by USD dollars.  They claim to backed also by loans and other digital assets. It is not a problem at all until debtors will not stop paying their debts, but it is happening, right?

It's a problem dude, tether gives loan to its affiliates without created any awareness to the users. tether admits it's not again backed by dollar and a big question is why tether still issue the new tether and this company keeps to distribute that to the market in one-dollar equal with USD? that doesn't make sense at all.

[Flypme]

We are excited to announce that USDT is available on Flyp.me, your instant accountless exchange.
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Twitter: https://twitter.com/flyp_me/status/1167433789569667078

[ivndnkn]

We are excited to announce that USDT is available on Flyp.me, your instant accountless exchange.
Start flypping to USDT to 30 other cryptocurrencies straight from your wallet and without opening any new account.

Read more here: https://steemit.com/cryptocurrency/@flypme/start-exchanging-tether-usdt-on-flyp-me-instant-cryptocurrency-exchanges



Twitter: https://twitter.com/flyp_me/status/1167433789569667078

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