USDC
USDC
Coin: TETHER (USDT)
Tether is the largest stablecoin by market capitalisation creating an efficient bridge between the fiat and digital currency's.
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Tokenomics
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Security
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Scalability
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Decentralisation
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Applications
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Usage & Adoption
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Overall Rating
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Investors:
Astronaut Capital, iFinex Inc.
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Tether is the largest stablecoin and third-largest cryptocurrency by market cap, existing on the Ethereum blockchain. Tether is a stablecoin aiming to take full advantage of blockchain and cryptocurrency technology while eliminating the volatility of traditional crypto through its peg to one USD.
Released in 2014, Tether was created and controlled by Tether Limited, an offshore company that has often been criticised for not undergoing sufficient auditing. Tether claims that 85% of its reserves are held in cash or cash equivalents, including commercial paper and certificates of deposit, treasury bills, and reverse repo notes. Despite this Tether has set itself apart from many other stablecoins through its immense liquidity and ability to consistently bounce back to its peg with the US Dollar. The success of Tether has seen it partner with and attract the investment of firms such as Astronaut Capital, Bitfinex and Binance and many more.
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