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Hello everyone. I really happy again at the Steemit crypto academy in attendance of the week 6. This is my homework for professor @yohan2on.

The homework task for this 6 week is "write about any one of the following stable coins"

• Tether(USDT)
• Steem backed dollar(SBD)
• DAI

Today i talk about Tether (USDT). so lets start>>>>

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What is Tether (USDT)?

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Tether (USDT) is one of the oldest stable cryptocurrency. It is blockchain base cryptocurrency. USDT is considered as the most valuable stable coin cryptocurrencies in the market place. They are number 4 rank in the market. Tether is a coin and it's currency symbol is (USDT ). It is priced in dollars, euros, Japanese yen and many other coins in the world.
Each 1 USDT is equivalent to $ 1(dollar ). It almost fixed because normally the price not change.

Additionally, Tether (USDT) was first launched in July 2014. Initially it's name was "Realcoin". On 20 November 2014,Tether CEO Reeve Collins announced the project was being renamed to "Tether".

Everyone can invest in Tether. Despite the price of USDT shifting from $1 but in near future it will be go in better position. then more people will be interest to invest in Tether. Though still many people invest yet.

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Flow chart of Tether (USDT) Fund

This is flow hoe Tether fund works. There are five basic steps. First a user deposits fiat currency into Tether Limited’s bank account. Secondly Tether tokens are issued to the user. Third step the users can transfer, exchange, and store Tethers through a peer-to-peer open-source. In the fourth step user then deposits Tethers. Finally, sends fiat currency to the user’s bank account.

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Features of Tether (USDT)

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• 1USDT = $1 Tether (USDT) rate.
• It can be used to buy other cryptocurrencies including actual expected prices and less Commission.
• This helps exchanges maintain a higher degree of liquidity and protection against the high volatility of cryptocurrencies.
• The Tether coin is very popular and is traded on almost all exchanges.
• There is no fee for transactions between Tether accounts or between wallets.
• It gives quick access to the market.

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Drawbacks of Tether (USDT)

It has some disadvantages such as

• Impossibility of mining Tether(USDT)
• Requires confirmation and verification of accounts for deposit and withdraw Tether.
• Unclear regular Audits

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Conclusion

Tether (USDT) takes care of the huge volatility of the cryptocurrency market. The crypto world needs a stable currency and is associated with a USS dollar in Tithar (USDT).

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Crypto Academy Week 6 Homework Post for professor @yohan2on . Thanks Professor for the great lecture.

Special regards;
Cc:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
@steemcurator02

Thakns everyone that read this.
@bluesdl