Tether recently announced a collaboration with Bitkub Exchange and Bitkub Academy in Thailand. Their main goal is to boost understanding and education about stablecoins in the country.
Tether (USDT/USD) is a form of cryptocurrency called a stablecoin, tied to the US dollar. Each unit of Tether circulating should ideally have an equivalent amount of dollars held in reserve by Tether’s company.
While Tether offers advantages, it faces controversy and doubts in the crypto community. Concerns periodically arise about whether Tether has enough dollars in reserve to back all circulating USDT. The company claims this, but their reserves remain opaque. Nevertheless, Tether plays a significant role globally in cryptocurrencies as a widely used hedging tool and exchange medium on various crypto platforms.
