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Qwertystop | 6 years ago

> There are other cryptocurrencies (eg Tether) that follow USD (eg 1 Tether is almost always equal to $1.00 USD), to avoid issues with volatility.

One of us is behind the times on Tether; last I heard they were in pretty significant legal/financial trouble re: money laundering, not actually having most of the backing dollars they claimed to, and possibly market manipulation.

discuss

order

andrewla|6 years ago

There have been various stories floating about litigation, solvency, and market manipulation in tether. So far, the market [1] remains unconvinced: tether trades pretty close to parity (sometimes even at a premium; liquidity preferences being what they are), and prices between tether-based exchange and USD-based exchanges are also pretty tight. So for the moment accepting payment in tether USD is entirely feasible.

[1] https://trade.kraken.com/markets/kraken/usdt/usd