{"id":261,"date":"2021-03-09T22:43:41","date_gmt":"2021-03-09T22:43:41","guid":{"rendered":"https:\/\/investapal.com\/TV\/?page_id=261"},"modified":"2021-03-09T22:43:41","modified_gmt":"2021-03-09T22:43:41","slug":"what-is-tether","status":"publish","type":"page","link":"https:\/\/investapal.com\/TV\/education\/what-is-blockchain-technology\/what-is-tether\/","title":{"rendered":"What is TETHER?"},"content":{"rendered":"\n<p><em>With its value linked 1:1 to the U.S. Dollar, Tether is useful for short-term holdings. But it\u2019s not a long-term investment.<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img data-recalc-dims=\"1\" height=\"169\" width=\"300\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/investorplace.com\/wp-content\/uploads\/2021\/01\/usdt1600-300x169.jpg?resize=300%2C169&#038;ssl=1\" alt=\"\" class=\"wp-image-1820845\"\/><\/figure><\/div>\n\n\n\n<p>Source: Wit Olszewski \/ Shutterstock.com<\/p>\n\n\n\n<p><strong>Approximate Market Cap:<\/strong> $24 billion<br><strong>Year Established:<\/strong> 2014<br><strong>Cost Per Transaction:<\/strong> Nominal<br><strong>2020 Return:<\/strong> 1%<br><strong>Score:<\/strong> \u2605\u2605<\/p>\n\n\n\n<p>Tether is the world\u2019s largest \u201cstablecoin.\u201d Its value is 100% linked to the U.S. Dollar. That means no matter how high or low other cryptocurrencies go, Tether will theoretically stay at $1. That makes Tether useful as 1) a currency, 2) a short-term savings tool and 3) a method of arbitrage between different exchanges.<\/p>\n\n\n\n<p>As a long-term investment, however, it\u2019s not particularly interesting. Tether\u2019s value won\u2019t ever deviate far from $1. Past accounting scandals have also threatened the coin\u2019s stability. In 2017, the coin dropped to 92 cents, and controversy <a href=\"https:\/\/www.ft.com\/content\/eb5cf045-1ea1-3b54-80cd-e9f8c8287f08\">seems to keep cropping up<\/a> every couple of months.<\/p>\n\n\n\n<p>Nevertheless, Tether is still useful for transferring cryptocurrency between wallets without major price risk. And with many exchanges now offering up to <a href=\"https:\/\/crypto.com\/en\/earn.html\">12% interest on stablecoins<\/a>, it\u2019s a currency that still shouldn\u2019t get overlooked in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With its value linked 1:1 to the U.S. Dollar, Tether is useful for short-term holdings. But it\u2019s not a long-term investment. Source: Wit Olszewski \/ Shutterstock.com Approximate Market Cap: $24 billionYear Established: 2014Cost Per Transaction: Nominal2020 Return: 1%Score: \u2605\u2605 Tether is the world\u2019s largest \u201cstablecoin.\u201d Its value is 100% linked [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":190,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-261","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/comments?post=261"}],"version-history":[{"count":1,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/261\/revisions"}],"predecessor-version":[{"id":262,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/261\/revisions\/262"}],"up":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/190"}],"wp:attachment":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/media?parent=261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}