Tether is a useful crypto whose value roughly mirrors the price of dollar. In this respect it is an example of what is known as a “stable coin” (a coin that is meant to maintain a stable price).

Of all the stable coins, Tether is the most widely used.

Essentially, and according to their site, Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen.

Like other cryptos it uses blockchain. Unlike other cryptos, it is “100% backed by USD” (USD is held in reserve).

Some question exactly how all this is working, but conspiracy theories and doubts aside, Tether is useful as it has a steady value and can be used on many of the world’s major exchanges.

Its like a digital dollar secured by cryptography and not subject to speculation like other cryptos. That makes it rather useful.

In the volatile world of crypto, its nice to have some stability. And that is what makes Tether cool.


How to Short Bitcoin and Other Cryptocurrencies

Those who think Bitcoin or an other cryptocurrency will go down, or want to hedge against a “long” position, can open a “short” position. Below we explain how to short Bitcoin and other cryptos.


Why Does Tether Tend to Get Printed Before Crypto Prices Go up?

Tether tends to get printed before crypto prices stabilize or go up. The simplest reason for this is because Tether acts as a dollar substitute, especially on exchanges that don’t use dollars, and prices go up when people buy crypto… especially with dollars / dollar substitutes.



Bitfinex

Bitfinex is a leading and important cryptocurrency exchange that offers the major cryptocurrencies for trade and is a favorite spot for margin traders.


What is a Stable Coin? 

“Stable coin” is a term used in cryptocurrency to describe cryptocurrencies meant to hold stable values. For example, Tether (USDT) is a blockchain based asset meant to trade for $1 USD. It is a “price-stable cryptocurrency.”