Tether Write for Us
Tether writes for us – A chill runs down the backs of those who have placed their trust in Tether. This cryptocurrency secures its exchange price for its backing in dollars and euros, among those who use Bitfinex of the leading cryptocurrency exchanges in the world. The links among the two appear to be much more profound than is known, and there are severe doubts about the fundamental survival of the backings in traditional currencies that Tether claims to possess. In recent weeks, the number of ropes circulating suggests that anchor funds are not available. Bitfinex has hired a law firm to sue those who slander the exchange house.
What is Tether?
Tether is a cryptocurrency developed in 2015 and under blockchain technology. This currency presents itself as oblivious to the volatility that affects bitcoin and other traditional virtual currencies. Those responsible for Tether ensure that a dollar backs each unit. In other words, all the ropes that circulate protect by an equal amount of dollars that they keep in reserve.
This cryptocurrency has developed two tokens, one known as USDT, backed by dollars, and the other, EURT, supported by the single European currency.
One of the main problems that have set to the debate is that, at present, 814 million Tether circulate, so there should be a reserve in the same amount of dollars. However, nobody knows the accounts or the banks where the backup resources accumulate.
In recent months, the issuance of USDT has grown by 220 million, and some analysts disbelieve the existence of the corresponding backups. For Charlie Lee, creator of Litecoin, one of the most important cryptocurrencies, “there is a fear that the printing of USDT has helped the recent price increase (of bitcoins) without dollar backing in a bank account.” That state in his Twitter account.
Bitfinex and Tether
One of the essential suspicions is the relationship between the Bitfinex exchange and Tether. The exchange house has made meaningful exchanges between Tether and bitcoin, hence the suspicion that this has driven the growth of the leading cryptocurrency to $ 11 in recent days.
Bitfinex assures that it will go all out against those who seek to defame the firm, and for this, it has hired the law firm Steptoe &Johnson. The main objective is to neutralize an anonymous user of social networks known as Bitfinexed and denounce the exchange for promoting wash trading.
The house, suspected of manipulating Tether tokens, had had to stop serving its customers in the United States when the commercial link with Wells Fargo, the North American bank that operated as a link with the Bitfinex banks in Taiwan, was broken.
Where are the Accounts of Tether Write for Us
If Tether’s forte is its backing in actual currencies, investors surely want to know where the dollars and euros intended to back their investments are. But that is quite a mystery. Some clients are known to have direct to a Polish bank, the Spoldzielczy Bank, but this could not confirm by the authorities of either Bitfinex or Tether.
It is striking that, on its website, Tether ensures the one-to-one exchange with the dollar. Still, reading the terms of service carefully on its website, it is noted that “there is no right or other right, or legal regulation against us, of exchanging tethers for money. We do not guarantee any right of exchange on our part for money”.
Phil Potter is a director at Tether and also list as Bitfinex’s chief strategy officer. However, it became known through the disclosure of the investigation known as Paradise Papers, carried out by the International Consortium of Investigative Newspapers, the links in money movement between virtual currency and the exchange house.
The Case of OguzSerdar
OgusSerdar, a Turkish developer and designer, began charging his works in bitcoin when the government of that country banned the use of Paypal. At one point, when he feared a cryptocurrency crash, he moved his funds to Tether.
Serdar wanted, at the time, to collect a million rope, and the company rejected the request. The dispute made at the time was that Tether would only process payment orders from verified corporate customers. And also, the Tether authorities proposed to OgusSerdar that he sell his tokens to a list of exchange partners.
Ultimately, Serdar chose to buy back bitcoins. Doubts hang over Tether, and the Bitfinex house and the market are wondering where the 814 million dollars should support the controversial virtual currency.
How to Submit Your Articles?
To submit guest posts, please study through the guidelines mentioned below. You can contact us finished the website contact form or at contact@marketing2business.com
Why Write for Marketing2Business – Tether Write For Us
- If you write to us, your business is targeted, and the consumer can read your article; you can have huge exposure.
- This will help in building relationships with your beleaguered audience.
- If you write for us, the obvious of your brand and contain worldly.
- Our presence is also on social media, and we share your article on social channels.
- You container link back to your website in the article, which stocks SEO value with your website.
Search Terms Related to Tether Write for Us
- Stablecoin
- Cryptocurrency
- USDT
- Tether Limited
- Tether reserves
- Tether peg
- Tether FUD
- Tether audit
- Tether transparency
- Tether blockchain
- Tether use cases
- Tether competitors
- Tether regulation
- Tether adoption
- Tether market cap
- Tether trading volume
- Tether wallet
- Tether exchange
- Tether API
- Tether development
- Tether news
- Tether jobs
- Tether events
- Tether community
Search Terms for Write For Us
- Tether Write for us
- Guest Post Tether
- Contribute Tether
- Tether Submit post
- Submit an article on Tether
- Become a guest blogger at Tether
- Tether writers wanted
- Suggest a post on Tether
- Tether guest author
Article Guidelines on Marketing2Business – Tether Write For Us
- The author cannot be republished their guest post content on any other website.
- Your article or post should be unique, not copied or published anywhere on another website.
- The author cannot be republished their guest post content on any other website.
- You cannot add any affiliates code, advertisements, or referral links are not allowed to add into articles.
- High-quality articles will be published, and poor-quality papers will be rejected.
- An article must be more than 350 words.
- You can send your article to contact@marketing2business.com
Related pages
Cryptocurrency Write for Us
Customer Support & Services Write For Us
DOGE Write For Us,
Direct Marketing Write For Us
DevOps Write For Us
Digital Marketing Write For Us
Economic Development Write For Us
Equity Write For Us
Drip Marketing Write For Us
Ethereum Write For Us
Entrepreneur Write For Us
Email Marketing Write For Us
Marketing Automation Write For Us
Magento Write For Us
Law Write For Us
Business Growth Write For Us
LAN Write For Us
Jewelry Write for Us
ISDN Write For Us
Investment Write For Us
Infographics Write For Us
Influencer Marketing Write For Us
Industry Write For Us
Human Resources Write For Us
Finance Write For Us
Paid Marketing Write For Us
Personal Finance Write For Us
Packaging Write For Us