This is my homework for professor @yohan2on, in the six week of Crypto Academy. I'm really glad I'm able to do Crypto Academy Week 6 Homework. I will try to complete the regular homework and understand the information given by the professor.

Homework task: Write about any one of the following stable coins;

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

• One of the three topics I will discuss is Tether (USDT).

Source

Introduction of Tether (USDT) :

Tether is a blockchain-based cryptocurrency. Tether is a coin that is priced in dollars, euros and many other coins in the world. Tether (USDT) is a new breed of cryptocurrencies called stablecoins. Anyone can invest in Tether if they want. I think if this is a coin that will stand in a much better position in the future and those who work on Tether (USDT) from now on will be able to make a lot of money.

^{Price of Tether (USDT). Screenshot from coindesk}

We can see from the Tether (USDT) price and from its chart we can see that it has a tendency to increase the price in the future. And the day is not far away when maximum people will be interested in investing in it even though many people are investing in it now.

Flow chart of Tether (USDT) Funds :

There are five primary steps in the typical lifecycle of a Tether token. Through these steps I have tried to explain how a user can deposit into Tether Limited’s bank account. How tokens are issued at Tether. And how to send. Here is a discussion of user transactions. Exchanges are peer-to-peer open-source.

Source

Features of Tether (USDT) :

• Tether (USDT) rate is very close to $01.
• The Tether coin is very popular and is traded on almost all exchanges.
• Tether (USDT) is equal to dollar, euros and yen.
• Tether (USDT) market access is very easy with USDT as it is generally accepted.
• The tether has already become a key currency as a stable coin.
• There is no fee for transactions between Tether accounts or between wallets.
• It is enable national currency transfers

Controversies Concerning Tether Limited :

• Tether (USDT) lack of normal and regular audits.
• Stable coins are less liquid.
• It is not decentralized it controlled by Tether company.
• Network at a cheaper and faster rate.

Conclusion :

The most important thing is that the crypto world needs a stable coin. So since Tether is a stable coin we who expect regular benefits should all keep faith in the coin.

Thank you for reading my homework. Thank you all very much, especially Professor @yohan2on.

Source of information

Cc :-
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
@stephenkendal

Written by; @msharif