Un-Stablecoin? What the Recent USDT Price Dip Means for the Industry

[kreslik.news]

Tether dollars, or USDT, was designed to be a stable currency–it would always carry the same value. Launched all the way back in 2014, Tether was the world’s first ‘pegged’ currency. In other words, it was the first currency that was designed to be backed on a 1-to-1 ratio with USD. For everyone one Tether dollar, one USD dollar was supposedly in the bank.

Tether’s purpose was to eliminate price volatility in cryptocurrency–to give crypto investors an asset where they could safely store their money without having to worry that it would lose its value.

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