A CryptoCurrency token that is pegged to the USDollar
Controversial ... see links for discussion of whether it's a scam. Whether it's going to bring down BitCoin etc.
- How it works :
- It's a scam that is going to be busted : https://coingeek.com/crypto-crime-cartel-the-end-is-nigh-for-tether/ (especially if RegulatingCryptoCurrencies is the end of it)
- Here's an example of them chainging their story : https://www.coindesk.com/tethers-bank-says-it-invests-customer-funds-in-bitcoin
- Longer it's a scam explanation : https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3