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What we don't like:

Even though tether is supposed to operate on a 1:1 peg of USD to USDT, in recent past this has not always been the case. The exchange Bitfinex previously had some issues with the Wells Fargo bank, which limited their wire transfer capabilities. This limitation also had an effect on Tether’s wire capabilities as well. As a result, a lack of liquidity created by the wire transfer limitations resulted in a price of about 91 cents for tether. This led to some uncertainty and doubt in the market about whether tether was really backed by Usd or if it operated as a fractional reserve. One of the policy terms on the Tether website has concerned some users: “There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers."

What we like:

USDT is USD Tether. Tether can be found on many exchanges, and acts as no volatility safe haven where you can park your money instead of riding the ups and downs of BTC or other alternative coins. Because of an alleged 1:1 reserve of fiat currency, tether is supposed to always be $1 or so close as not to matter. If you trust Tether it is a great place to park money when uncertainty in the market reach peak levels.


Blockchain: Omni

Similar Coins: BitShares, DigixDAO

Current Supply: 1,618,090,823

Algorithm: Not Mineable