Source: USDTUSD Chart by TradingView
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money.
Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratized cross-border transactions across the blockchain.
Four men controlled 86% of Tether shares in 2018
Tether is deeply intertwined with Bitfinex. The two firms have a common CEO, CFO and general counsel, as per a WSJ report.
Tether denies borrowing from bankrupt Celsius
Celsius' examiner report claimed Tether had over $2 billion Celsius exposure and was an "existential threat" to the lender's financial health.
Op-ed: What happens to Tether, stablecoins in the event of dollar collapse?
Under the hypothetical situation of a dollar collapse, how might fiat-backed stablecoins fare?
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