Advantages and disadvantages of Tether USD
Advantages:
đ” Stability: Pegged to the US dollar, reducing the volatility typical of other cryptocurrencies.
đ” Liquidity: Highly accessible on many exchanges and easily convertible.
đ” Transfer convenience: Used for instant transfers without involving banks.
Disadvantages:
đ” Transparency: Criticism regarding insufficient transparency of reserves.
đ” Regulatory risks: Possible legal issues due to stablecoin regulations.
đ” Centralization: Managed by a private company, raising concerns about decentralization.