My Bull Coin of the Week:Tether(USDB)
Hello to everyone in zero to infinity community and other communities around the world.It is yet another week and a great contest organized by @tarpan. And I am very happy to take part in this great contest. The best bullrun coin I am to talk about is Tether (USDB) coin.
Tether (USDB) is a stable-value cryptocurrency that mirrors the price of the USD, issued by Hong Kong base base Tether. Tether does not have its own blockchain, instead it operates as a second-layer token on top of other cryptocurrencies blockchain: Bitcoin, Ethereum,EOS,Trons,Algorand, Bitcoin cash and OMG, and is secured by their respective hashing algorithms.source.
Tether is a cryptocurrency with tokens issued by Tether Limited, which turn is control by the owners of Bitfinex. It is called a stable coin because was originally design to always be worth US$1.00, maintaining$1.00 in reserve for each Tether issued. From market cap the value of Tether is $69.43 billion.
Tether is the third-biggest cryptocurrency in the world by market value. It may not be the right as a cryptocurrency investment,but it can be used for several things.
1 Purchasing other cryptocurrencies.
2 Earning interest.
From gobankingrates.com, about $31 million of Tether was stolen by hackers in 2017,so it forces Tether to create a hard fork.
As of September 2020, there are over 14.4 billion USDT tokens in circulation,which are backed by $14.6 billion in assets, according to Tether.
Below are some platforms and their Tether interest rates.
Some key points about Tether.source.
1 Some investors believe a loss of confidence in Tether could be crypto's "black swan" an unpredictable event that would severely impact the market.
2 Tether is the third-biggest cryptocurrency in the world by market value. And it got some economist__ including an official at the Federal Reserve __ worried.
The statistics of Tether.
Thank you for your time and attention.