1. What is Tether?

Tether is a cryptocurrency that represents real currencies in a Blockchain market.

The project was founded in November 2015. It has two tokens USDT and EURT, which were made as analogues of USD and EUR in a Blockchain world. These cryptocurrencies are closely connected with the exchange Bitfinex. At first, Tether was based on the Bitcoin Blockchain system, but in June 2017, the transition to Litecoin was declared.

Since May 2016, Tether capitalization increased rapidly. At the end of August 2017, it amounted to approximately $320 mln.

During 2016, there were no significant changes in the circulation. However, since April 18, 2017, Bitfinex has been rejecting transactions with the fiat currencies. The same happened with Tether.

And although everything seems to be great for the company, there’ve also been some issues involving the official site; a redeem of tokens, withdrawals, liquidity and an emission.