Cryptocurrency Q&A Is tether good or bad?

Is tether good or bad?

Stefano Stefano Sat Jan 04 2025 | 5 answers 1094
I've been hearing a lot about Tether recently and I'm trying to understand whether it's a good or bad thing. I know it's a stablecoin pegged to the US dollar, but I'm not sure if investing in it is a smart move or not. Is tether good or bad?

5 answers

mia_rose_lawyer mia_rose_lawyer Mon Jan 06 2025
In the year 2021, Tether faced legal repercussions for making misleading statements regarding its reserves.

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RiderWhisper RiderWhisper Mon Jan 06 2025
An extensive investigation uncovered a startling revelation. At a certain point in time, only 27.6% of Tether's stablecoins were actually supported by cash reserves.

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CryptoTitan CryptoTitan Mon Jan 06 2025
This discovery raised significant concerns about the financial stability and transparency of Tether.

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SamuraiCourageous SamuraiCourageous Mon Jan 06 2025
Despite achieving impressive financial milestones and reporting record profits, Tether has been unable to shake off its transparency issues.

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DaeguDivaDanceQueenElegantStride DaeguDivaDanceQueenElegantStride Sun Jan 05 2025
The lack of clear and consistent information about its reserves has continued to cast a shadow over the credibility of Tether.

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