Buy Tether (USDT): All about its Price, Courses and other Crypto

On which platforms can I buy and sell Tether (USDT)?

Tether is a cryptocurrency that creators claim is linked to the US dollar. The idea they want to convey is that Tether would be much more stable than most crypto-currencies… which have huge price fluctuations.
Tether was invented in 2015 and was worth, at its beginning, one dollar for one token. Digital coins are issued by a company called Tether Limited which is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong.

Buy Tether with eToro

How it works: for what purposes can we buy Tether (USDT)?

Many people negotiate on exchanges, including Bitfinex, and can use Tether to buy other cryptocurrencies, such as Bitcoin or Ethereum. Tether Limited claims that using this method to purchase virtual currencies allows users to move fiduciary currencies on and off an exchange more quickly and at a lower cost. In addition, exchanges generally have difficult relationships with banks, and the use of Tether is a way to get around this.
“As mentioned earlier, we believe that using Tether exposes trading users to less counterparty risk,” the company explains in a white paper on its website.

Mobile tether

Buy Tether on eToro

Our review: should we buy Tether (USDT)?

Tether is a very special case because the project is surrounded by a great deal of controversy.
First, many people noted concerns about the very close ties between Tether’s founding team and those who own the Bitfinex exchange. Critics argue that there should not be such a close relationship.
But the problems surrounding Tether are more complicated than that. Concerns have been raised that Tether Limited may not hold enough US dollars to support the value of all digital coins in circulation. These rumours have been circulating for a few months. It is also noted that Bloomberg reported that the U.S. Commodity Futures Trading Commission sent subpoenas on December 6 to Bitfinex and Tether.
Tether has also increased the number of coins in circulation in recent months, and this has coincided with the highest records observed in cryptomonnaise prices, which has led some critics to suggest price manipulation.

Tether crypto

Buy Tether on eToro

What does Tether Limited say? In September 2017, the company published a document entitled “Proof of Funds”, allegedly indicating that it had the required reserves. However, this was far from clear and the names of the banks involved were blacked out. In addition, Friedman LLP, the accounting firm that carried out the audit, severed ties with Tether. According to a CoinDesk report last week, both parties had “dissolved” their relationship.
So, should we buy Tether? Given that an anonymous report states that Tether was responsible for 48.8% of the increase in bitcoin prices in 2017, the author of this report wrote that there could be a correction of 30% to 80%. Not a good time to buy, then.
It is therefore advisable to stay away from investments in Tether for the time being. There are many rumours and the explanations of the founding team are not yet satisfactory. It may well be that Tether will lose all its value in the coming months.