Stablecoin? USD-Backed Crypto Token Tether Falls 5% [Again]

Stablecoin? USD-Backed Crypto Token Tether Falls 5% [Again]


Tether, or USDT, is supposed to remain “tethered” to the US Dollar, as its name implies. That’s its whole purpose as a token: it exists on exchanges as a way for traders get their profits to safety, in a sense, so they have some idea of the real fiat value of their portfolio. It was

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Posted by P. H. Madore on November 4, 2018 @ https://www.ccn.com/stablecoin-usd-backed-crypto-token-tether-falls-5-again/

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