Is Tether A Scam Or Legit?
Tether ($USDT.X) is the world’s largest, biggest, and most traded USD stablecoin. If you are reading this Litepaper, it is assumed you know what Tether and a stablecoin are. But to avoid making an ass out of you and me, here’s a quick definition of what a stablecoin is:
A stablecoin is a cryptocurrency pegged to another instrument’s value. That instrument could be a commodity, property, stock, or fiat money. In the case of Tether, it’s pegged to the U.S. Dollar.