The world of cryptocurrencies is rife with opportunities and challenges. Each cryptocurrency comes with its own set of benefits and drawbacks.
While some cryptocurrencies are overlooked by regulators, others face technical difficulties. For instance, Ripple is currently under the radar of regulators, while the Solana blockchain is grappling with technical glitches.
Meanwhile, Tether, which offers several stablecoins, is facing questions about its backing. The company claims that all its stablecoins are 100% secured in some reserves, and this information is updated daily on its official website.
Tether has had several third-party audits, but doubts about the security of its stablecoins persist. There have been accusations that Tether has no real security for its stablecoins, and the company has been accused of being associated with terrorists through third parties.
While Tether has denied these accusations, its track record of not conducting full systematic audits, and the constant stories of violations of the law and participation in various gray schemes from related persons, have left many investors questioning the safety of Tether.