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RE: Crypto Academy Week 6 - Homework Post for [yohan2on] What is Tether?
Thanks for attending the 6th -Crypto course and for your effort in doing the given homework task.
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This is good work. Well done with the research on Tether.
Homework task
8
Thank You Professor means a lot for checking my homework post. Tether is a good stablecoin which is going on everywhere as we can buy almost all the crypto assets with the help of usdt(Tether)
Sir @yohan2on you added in your post that Steem Backed Dollar (SBD) as the stablecoin but i do not think it a stablecoin as its value fluctuates all the time. As you can see that today its value went to the peak of its value of this week. But before this it had low value.
So we should not consider it a stablecoin or tell me sir the condition of stablecoin as its value is not pegged with any fiat currency in my opinion.