Tether Introduction and Behavior :
Tether is the blockchain system that always stabled for blockchain technology and digital currency and you can convert your cash into tether system. if you evaluate the tether graph in the previous history you feel that this coin is drunk when the blood reverse observed in bitcoin price from $18000 to $3600 this coin price did affect its price is circulating around specific digits and it shows an amazing management, the price of the coin was from $0.99 and $1.02, And currently this coin listed in top markets as on ranking 7.with Market Cap $1,968,200,187 USD (549,667) BTC , With random evaluation we icoviral. today expert found their 24hr volume on dated 12-Jan-2019 of $3,669,537,962 USD (1,024,806 BTC) and this indicates a great engagement in the system, Circulating supply of this is 1,928,363,199 USDT with the total supply of 2,580,062,243 USDT,
Tether is listed over 400 market and the most engaging market is BitMax with 24hr volume is 410230124$ fee type is mining,
Tether redesigned platform :
launch a redesigned platform for the verification of new customers and direct redemption of Tether to fiat via the tether.to with this update, tether got a mixed response from holders, few claims that tether artificially pumps the BTC in the year 2017.
Tether trying hard to stable in the market in OCT 2018 tether destroyed 500M USD from the Tether treasury wallet,
Experts Reviews :-
One of the major question raised in mind is tether actually has the USD capital to back the USDT supply, experts can’t make any final decision about this system either its savior or destroyer because of user claim that in the year 2017 they artificially boosted market to 15x multiplier.
with this confusion many wallets backed in the year 2017 with this system including Omniwallet my either wallet and few others, since this coin is not stable and not much recommended for Hodl because tether playing all the thing legal or illegal things to making this coin stable, Experts also claiming that company has been issuing more token than the USD reserved they got in their banks, Tether team denied this statement but they didn’t provide any evidence or report in their favor.
The report by Audit firm FSS in September 2017 they represent that the company has worth of $443 million in their account that back the tokens and the cash were in form of the trustee and it’s not a form that been called its fully backed USDT Tokens,
This audit also makes confusion about the tether USDT system when the Audit firm claimed on Reddit that ”I appreciate you sharing this but I want to highlight that this is not an audit, and we don’t claim for it to be an audit.” Tether has a close relationship with bitfinix, without backing actual USD in Tether this is also affecting the Holders and economy of countries, the entire crypto market suffers because of tether pumping in 2017.
In reference to the above writer claim tether a drunken coin so do market research before investing in this coin,
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