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9 Interesting Things About Tether (the Little-Known Currency That Freaked-Out the Cryptomarkets)

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  1. Tether is a Hong Kong-based company that took the revolutionary (or de-evolutionary, depending on who you ask) turn to converting fiat currency--USD, EUR, and others--into cryptocurrency.
  2. Tether currently has a market cap worth $673,139,694; its average daily volume trading approximately $629,841,000.
  3. Tether is pegged (or tethered) to the US Dollar and offers USDT, which are dollar-backed digital tokens.
  4. You can also view Tether as a digital link to certain real-world assets to which it can be converted.
  5. From this perspective, Tether is less a digital currency than a means to deploy fiat currencies using digital means.
  6. Tether used to be RealCoinits rebranding as Tether helped propel it beyond its previously inert state.
  7. One advantage that Tether may have over Bitcoin is its low volatility, as the former is unalterably pegged to the US Dollar, giving a stable exchange rate.
  8. Tether claims transparency of service with no hidden fees and commission charged to its customers.
  9. Tethers industry supporters include Omni, Bitfinex, Poloniex, ShapeShift, Ambisafe, GoCoin, HolyTransaction, Expresscoin, RCHANGE, CCEX, Kraken, Bittrex, Liqui, Cryptopia, Megachange, and HitBTC.

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About the author

Karl Montevirgen is an independent content writer who specializes in finance and emerging (disruptive) industries. Having been involved in the commodities and FX markets for the last 9 years, Karl writes for several companies and publications in the finance, blockchain, cannabis, and content space. 

You can view his extended profile, list of publications, and theoretical content work on his LinkedIn page. 

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