The Tether will release the USDT cryptocurrency on the blockchain of litecoin

in #importantly7 years ago

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allows her to combine the advantages of cryptocurrency and Fiat currency. Using the digital equivalents of real money, the Omni is able to ensure the stability of the quotes on the exchanges with the support of Bank trust, located in Taiwan.
Only once stability USDT failed, when in early April the American Bank Wells Fargo, for unknown reasons, ceased to serve a group of Taiwanese financial institutions, halting the reception of output transactions from them blocking so about $180 million of client funds, most of which belonged to cryptanalytic exchange Bitfinex, and about $50 million - the company Tether.
In this regard, the exchange rate USDT was decreased to a record low of us $0,89/USDT and returned to values close to a $1.00/USDT about a month ago. However, the Tether did not stop its growth at some point reaching values as $1.10/USDT.
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At the moment, fluctuations in the value of USDT are not so significant and the price of the Tether is USD $1,01/USDT (according to coinmarketcap). USDT is represented on a number of cryptocurrency exchanges, among which there are Poloniex, Bitfinex, Kraken.

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Tether volatility is a double-edged sword

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