Tether most used cryptocurrency in the world

[duncun007 3577]

42 minutes ago, Abbas Ali Shah said:

when more people buy a coin then its price is expected to increase but the algorithm is defined for USDT is of stable entity which doesn't allow great rise in its price

tether is not a coin that should rise or dump in the first place even tho we saw its price tank to 0.87$ a while ago but things like this should not happen because its always supposed to stay at 1$.

[Brushless4500KV 4214]

One thing I don't understand is that why Tether has been used more than bitcoin by users. Tether is a stable coin which is backed by fiat currencies. A stable coin has no big price movements. So, why people should invest in Tether when it is not profitable? Some say it is a way to store value because its price is steady but if you want to store value why don't you choose fiat currencies? They are more stable than cryptocurrencies.

Another point about Tether is that it can't be mined. So, it is not even possible to earn income by mining this coin. Now, the question that comes to mind is that how Tether transactions are confirmed and recorded on the network without miners validating them? It is said that mining a coin which is linked to USD is meaningless because if you mine Tether you should print more dollar notes too!

[FlatterCar 696]

Traders choose Tether, because it has the advantages of all cryptocurrencies - the ability to send almost any amount of money abroad with little or no commission, but there is no unpleasant volatility for which the cost of crypto can change dramatically.

[Syedbesharat 5423]

On 11/16/2019 at 2:18 PM, nahidfresh99 said:

Tether

I saw in a news story the most used cryptocurrency in the world.

I thought it might be Bitcoin because Bitcoin

About half of the digital world is responsible for market value, but I think I got a flower and another store whose name is Tether, almost worth the market minister and it spread to Bitcoin so I think we should clear it.

USDT pairs have the most liquidity by far among all the stable coins.So it's profitable to use for sourcing big OTC trades, day trading and inter exchange arbitrage. And everybody is hoping that they won't hold the hot iron ball when the sounds goes off.

[urooc 218]

yeah tether is the most used cryptocurrency in the world. some people might thought that bitcoin is the most used cryptocurrency but it is not true according to the market demand. tether is the most useful currency in the world.

[Yanadia 1517]

As i knew USD Tether (USDT) is a cryptocurrency token claimed by its creator to be equivalent to 1 US dollar per token.  In fact, Tether Limited has not issued an audit that promised to reserve US dollars.  This controversy certainly raises many questions among traders, especially when they store assets in this token. So ..???

[Brushless4500KV 4214]

Tether is always backed by US dollar. This is why there is a 1:1 ratio between USD and USDT. I think this is the reason most people may use Tether for value storage because it is not volatile. Traders also use trading pairs against USDT to keep their investment. So, fiat support is what gives Tether value.

[Jungle4 87]

Today, this is true, but it has already appeared a lot of competitors. Also, do not forget about the judicial proceedings with Bitfinex. In the future, Tazer may lose its position, but if Bitfinex deals with its problems and proves to everyone that they do everything honestly, then Tezer's competitors will simply disappear:)

[Saheli 138]

I dont have idea of tether token because i am new on crypto field

but i heard tether is potential coin on crypto market but it is

stable coin

[McCree 713]

That's because the demand for tether is much greater than the demand for bitcoin. Tether is a stablecoin so it helps people who are coming from US dollar.

[DimaUZB2001 0]

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[miskyming 1588]

Yep Tether is the most used cryptocurrency, if you don't believe try to check in the coinmarketcap and click volume(24h).. Tether will shows number 1 spot.

[khan22 3478]

On 11/18/2019 at 3:14 AM, setifien said:

Yeah Tether usdt is commonly used more than bitcoin, maybe because it's stable and it helps traders to freeze their money in times of crash and even there are good coins in pair with usdt to trade with

USDT is so much used in the crypto market and this is true that this coin is used for the BTC exchanges or also other coins exchanges which is best for us and we get the profit from the market and safe it from the loss, and also we can get withdraw money through the USDT.

[kadayakito 765]

In my opinion, the most used cryptocurrency in the world is bitcoin. Bitcoin is the king currency, it is the most popular and most valuable today. Totally deserved

[Man 741]

I believe this, most whales save their assets in the form of USDT (tehter) So just look at the whale warning that is usually found on Twitter, many people use tether to buy bitcoin.

[Gafar 63]

No, Bitcoin is the only one that controls all currencies in the market and nothing can remove it from it

[el-Muhammady 718]

On 1/5/2020 at 11:06 AM, Brushless4500KV said:

Tether is always backed by US dollar. This is why there is a 1:1 ratio between USD and USDT. I think this is the reason most people may use Tether for value storage because it is not volatile. Traders also use trading pairs against USDT to keep their investment. So, fiat support is what gives Tether value.

bitcoin is the a large amount second-hand and all the rage crypto coin and I additionally faith that we must comprehend that btc has the chief control in the world 
 

[McCree 713]

5 hours ago, Maraj77 said:

Actually bitcoin is most used cryptocurrency. Bitcoin is one of the best successful cryptocurrency. And bitcoin called mother of all cryptocurrency.                 

The reason that Tether is the most used cryptocurrency is because more people were trading it than bitcoin. That does not mean that tether is worth more than bitcoin or that it has a larger market capitalization, only that it has more trading volume.

[gambut_24 98]

I agree with you, Tether is a Stablecoin and very useful when market conditions are uncertain, making it a protector of asset values.

[fatima123 320]

Tether is stable coin it is widely used in crypto market because when bitcoin has no certain trend then most of traders convert their funds in stable coins and avoid loss. 

[iloveyobit 6599]

Yes, in fact, because all transfers and transactions are made using the Tether currency, because the fees are few in it and fast to transfer, but in the future Bitcoin will become its place.

[Casinoval 330]

Tether is not the most used crypto currency etheruem is, the etheruem network process thousands of transactions daily it process more transactions than any other crypto currency platform.

[Gunhoo 91]

That's because Tether is actually a stable coin. A lot of people using stable coin to avoid the market, the volatility or especially when in bearish market. So, it's no wonder a lot of money poured into Tether.

[phpMailz 568]

No tether is not the most use cryptocurrency in the world neither is bitcoin, the most use cryptocurrency in the world is ethereum, you can just check the amount of transactions that happens on the ethereum network everyday.

[Nakamoto 279]

Of course, bitcoin is the most widely used. USDT was born long after bitcoin ruled the world of cryptocurrency. I don't like using tether because stable coins are not profitable in trading. Apart from that, I have never used the tether token to send money.