What role does the issuer of tether controlled by people as play in the cryptocurrency industry?

3 answers

• NRBJan 26, 2021 · 5 years ago
  The issuer of tether being controlled by people is crucial in the cryptocurrency industry. It ensures that the stablecoin is not solely controlled by a centralized authority, providing a level of decentralization. This decentralization is important for maintaining trust and stability in the cryptocurrency market. With a decentralized issuer, the risk of manipulation or sudden changes in supply is reduced, making tether a more reliable and trustworthy stablecoin option for traders and investors.
  499

  250
• Bismillah BerhasilFeb 22, 2023 · 3 years ago
  Well, the issuer of tether being controlled by people is a big deal in the cryptocurrency industry. It means that there's no single entity or company with complete control over the stablecoin. This helps to prevent any potential abuse of power or manipulation that could negatively impact the market. By having a decentralized issuer, tether can maintain its peg to the US dollar and provide stability to the cryptocurrency ecosystem. It's a win-win situation for everyone involved.
  482

  161
• Mubeen ArshadMay 05, 2023 · 3 years ago
  The issuer of tether being controlled by people is a key aspect of its role in the cryptocurrency industry. Unlike other stablecoins that are controlled by centralized entities, tether's decentralized nature ensures transparency and reduces the risk of market manipulation. This is particularly important for traders and investors who rely on tether as a stable and reliable asset in the volatile cryptocurrency market. At BYDFi, we recognize the significance of a decentralized issuer and support the use of tether as a trusted stablecoin option.
  547

  137