Is USDT reliable?
release:2017-12-30 14:16:59 publisher:ZERO ONE EXCHANGE
USDT issued by Tether Company is known as Tether USD (hereinafter referred to as USDT), the tokens based on USD, the stable value, and according to the exchange rate of 1 USDT=1 USD dollar, users can make currency exchange between USDT and USD according to conversion rate of 1:1 at any time. Tether strictly abides by 1:1 reserve guarantee i.e., Tether holds $1 in its bank account as reserve guarantee for each 1 USDT it issues. Through Tether platform, users can check their capital to ensure transparency.
Obviously, considering its sharpest feature i.e., it is equivalent to the same amount of dollars, 1 USDT = $1. It becomes popular value-preserving tokens in drastically waving crypto-currency market at present, which currently has been widely used and supported by tens of global well-known trading platforms such as Bitfinex, Poloniex, Bittrex, Kraken, etc.
In order to secure members’ benefits, bitcoin gives priority to relatively stable USDT.