Tether ‘The Central Bank of Crypto!

in #bitcoin6 years ago

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Tether plays an increasingly important role in crypto trading. "Tether, whose main selling point is its tie to the U.S. dollar, has grown dramatically over the past year—its daily trading volume of around $3 billion trails only bitcoin’s $5 billion.".

Tether has also become a “crypto bank” for cryptocurrency businesses that have trouble maintaining real-world banking relationships, providing liquidity and a place to park assets, according to a new study from blockchain research firm Chainalysis." "Last year, Tether hired accountants Friedman LLP, based in New York, to audit the reserves. The firm issued a preliminary report last year, but Tether says it released Friedman before a final audit was completed.".

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Stablecoins are sooo important!

Well said. Appreciate it

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Nice one millionmoney grwat job as always keep the coming thank you

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