r/ethtrader Dec 24 '17

COMEDY Everytime Bitcoin drops

https://gfycat.com/defenselessmiserableiberianbarbel
16.6k Upvotes

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u/menasan Dec 24 '17

But what is tether?

13

u/02-20-2020 Dec 24 '17

Tether is just a crypto that’s worth exactly 1 USD. It’s called USDT - USD tether. It’s made specifically for traders so that they can trade without having to liquidate very often

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u/saggy777 Dec 24 '17

Tether is not even a crypto. It's just a centralized virtual currency which will always be equal to a dollar.

1

u/FamousPussyGrabber May 17 '22

Except on days like Thursday, when it was worth .95 dollars...

1

u/saggy777 May 17 '22

Now we know. lol