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News Commentary #1,302 – HightWolf | Tether (USDT) Connected

HightWolf platform (reviewed here) recently announced the connection to its platform of a new payment coin – Tether (USDT). I think this is the right step because of an increasing number of investors who want to participate in the platform by investing US dollar and they are using exactly this particular Tether coin (based on my observations).

At the moment, HightWolf has the following coins / payment methods for a potential investor: BitCoin, Ethereum, PerfectMoney, Ripple, LiteCoin, BitCoinCash, DogeCoin, Zcash, Tron, Tether and Visa

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Now let’s get down to news:

HightWolf connected Tether (USDT) to the platform.

Tether (USDT) — third by capitalization and first by traded value cryptocurrency in the world, which rate is always stable due to pegging to the dollar rate.
 
Now, there’s a turnover of 23,7 billion USDT coins, which total capitalization is 1,6 trillion US dollars (09.01.2021).
 
Cryptocurrency advantages 
 • Stable rate. Due to pegging to the fiat US dollar rate.
 • Fiat reserves. According to the company, ‘the platform currencies are 100% reserve-secured’.
 • Outside crypto markets, it can be used as a common means of payment to buy and sell products or pay a subscription.
 • Cheap and fast transactions.
 
The growth of Tether cryptocurrency is explained by wide recognition and pegging to the dollar. Moreover, blockchain developers increasingly frequently use the coin to service transactions in apps. 
 
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