If you’re thinking about investing in Tether (USDT), you might be wondering if it’s a good idea. After all, USDT is a digital currency that is pegged to the US dollar, so it could be a solid investment if the US dollar remains strong.
However, there are a few things to consider before investing in #USDT. First, it’s important to remember that Tether is not a traditional cryptocurrency like Bitcoin or Ethereum. Rather, it’s a “stablecoin” that is designed to maintain a value of $1.00 USD. This means that if the US dollar weakens, Tether could also lose value.
Second, there has been some controversy surrounding Tether. In 2018, a study found that Tether was being used to manipulate the price of Bitcoin. While the study’s claims have not been proven, it’s something to keep in mind if you’re thinking about investing in Tether.
Overall, Tether could be a good investment if you’re looking for a digital currency that is pegged to the US dollar. However, there are a few things to keep in mind before investing, such as the currency’s potential volatility and the controversy surrounding it.