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Tether (USDT)

#64

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.


Tether (USDT) Pros | 2

there are low to no fees, differentiation when compared to other pegged proposals

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The price of Tether is fixed against the USD, so this makes it a convenient 'safe haven' to trade your crypto's.

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Tether (USDT) Cons | 2

audit results are not shared and further detail on how the liabilities are managed are not present

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In order to use the tether.to wallet it is required to get verified. Creating a large hurdle to adoption of this wallet based on the number of steps required and lost of anonymity.

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