Tether: Everything You Need To Know | Tether Coin (Cryptocurrency)
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Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly falsely claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. Tethers help provide liquidity and offer a widely recognized token that can facilitate transactions between various cryptocurrencies. In the world of crypto markets, they essentially act as a digital dollar, and they’re everywhere. On some days, Tether’s trading volume exceeds that of Bitcoin.
The tether is backed by the mainstream currencies like the US Dollars, The Yen, the Euro in circulation. It is also considered a good investment in the future because of its high transparency and decreased price swing unlike other cryptocurrencies available in the market. The Tether price is forecasted to reach $1.2930257 by the beginning of February 2021. The expected maximum price is $1.6162981, minimum price $1.0990827.
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