It’s possible but difficult to achieve crypto-currency success with pegged exchange ratesOne of the reasons crypto-currencies haven’t become more popular in the financial sector is the high volatile of their exchange value. It can be tough to deal with the issue through pegged exchange rates but it’s still possible.
These digital currencies try to solve the exchange rate problem while still providing the lost cost and ease-of-use of Bitcoin transactions. One argument is that pegging currencies like the US dollar expectantly pegs the money to institutions like the Federal Reserve and US government.
The launch of Blockchain 2.0 has resulted in the release of various new digital monies including various currencies that are pegged to gold and fiat currencies. For example, recently New Zealand’s crypto-currency exchange Cryptopia announced that the country’s first crypto-currency will be pegged to the island country’s dollar.
The biggest suggest has been through Tether. It’s pegged to the USD and also offers digital versions of 3 currencies: USDT, JPYT, and EURT. Tether is able to maintain the peg by sustaining the USD at a value equal to all USDT value held in reserves 24/7.
Tether was launched in early 2015 and has mostly maintained the peg since that year. The situation changed in late April 2017 when it collapsed based on issues with Taiwan banks that are used for receiving/sending US Dollar withdrawals. All global wires sent to Tether were blocked/rejected by the Taiwanese banks. Since that time the USDT’s value has spiked from $0.93 and is now trading at $1.02.
Meanwhile, other types of pegged crypto-currencies haven’t had as much luck. NuBits, CoinoUSD, and BitUSD all used the old-school currency pegging practice of holding reserves in either physical dollars or debt securities that were dollar-denominated.
NuBits is known as the first de-centralized crypto-currency to sustain a $1 peg for one full year. It achieved that goal in September 2015. Then in June 2016 NuBits experienced a major crisis. The crypto-currency’s price dropped 20 cents when the company’s rate-pegging tool failed. The price later rose to its current rate but NuBits has minimum market activity today.
CoinoUSD started trading a few years ago in December 2014 and hit its market capitalization peak of $2.7 million during Q1 2016. That said, it then shot down soon afterwards because of a glitch that flooded its customers with free units. That step made it impossible to sustain the $1 exchange value.
Then there’s BitUSD. It’s built on the foundation of the blockchain platform of a crypto-currency called BitSharesX. BitUSD implements a unique pegging system that includes BitShares, which have been solid up to now.
The 1BitUSD has stayed around $1 and hasn’t had any major devaluation. That said, partly due to the decreased use of BitShares that’s resulted in BitUSD’s customer base shrinking soon after its launch. There’s recently been new interest in the crypto-currency. That’s caused its market cap to spike from under $110,000 to a little under $2.4M.
Tether gradually built up its market cap and began the year a little under $10M. It’s also experienced a surge since then. Tether has hit a current high of $107M and is the top USD-pegged crypto-currency.
Crypt-currencies have made a lot of progress in terms of popularity but there’s a lot of room for progress. There’s still no full business/credit cycle. Bitcoin’s volatility might level out when digital currencies become more accepted in the financial sector. However, there’s still a lot of progress to be made.
Tether offers exchange stability but there are still question marks about its selection of a hard peg, which has failed already. It maintains a value in a different way from how the market would do that.
It’s possible the biggest value of USD-pegged crypto-currencies is that they help to provide a measure of transaction demand versus speculative demand.
It’s important to note that there are also several advantages to using Tether:
1. Tokens
The tokens have the value of US dollars. It’s an alternative to Bitcoin’s volatility because the USD exchange rate is significantly more stable. A single Tether token (USDT) has the value of $1 USD all the time. This figure can’t be changed and it results in the volatility of standard digital currencies not being an issue.
2. Currency Exchange Rates
More specifically it’s not an issue. The world’s most stable currency is the USD and the USDT is linked to the USD dollar 24/7. This means that you won’t have to risk a ton of funds. It could be argued that this helps to make Tether one of the most stable crypto-currencies available today.
3. Partners
Tether now has several global partners. This is helpful for a new and game-changing service. In a sense it’s a type of warranty that helps to prevent many of the common issues linked to new crypto-currencies.
4. Currencies
It’s possible that other currencies will later be added to Tether. That includes the Euro, Yen, and Yuan. The currencies are already in the beta-testing stage.
generic viagra online cheap viagra goodrx viagra
best place to buy generic viagra online 100mg viagra generic viagra without a doctor prescription
injectable ed drugs canada drugs online discount prescription drugs
cialis headaches afterwards cialis online cialis reps
cialis 20 mg best price buy cialis cialis coupons printable
online pharmacy viagra viagra coupons 75% off can you buy viagra over the counter
is viagra over the counter viagra is viagra over the counter
viagra pills viagra sale viagra prescription
pharmacy medications canadian online pharmacy buy generic ed pills online
30 day cialis trial offer cheap cialis cialis money order
male ed cheap Prednisone can ed be cured
best canadian online pharmacy canada online pharmacy impotence treatment
cialis coupon code cialis generic cialis cost
viagra for sale viagra prices cvs viagra
viagra cheap amazon viagra cheap generic viagra
male dysfunction pills: mens ed male dysfunction
cheap medication: prescription drugs online without doctor online ed pills
zithromax 250 mg australia zithromax over the counter canada zithromax 500 mg lowest price pharmacy online
zithromax cost buy zithromax online cheap generic zithromax azithromycin
zithromax cost uk zithromax over the counter canada zithromax capsules price
cheap viagra where to buy viagra online where to buy viagra
google viagra dosage recommendations viagra online canada pharmacy home remedies for erectile dysfunction
can you buy zithromax over the counter in canada can you buy zithromax over the counter zithromax 500mg
where can you buy zithromax purchase zithromax online how to buy zithromax online
buy generic viagra generic viagra 100mg buy viagra online
cheap viagra
buy viagra online usa generic viagra 100mg viagra cheap
viagra online canada
viagra over the counter generic pills viagra from canada
viagra for men online
help with ed generic Zovirax Aciclovir for sale
cenmox antibiotics Amoxil antibiotics ed drugs online from canada
how to get prescription drugs without doctor ed drugs generic ed meds rx
new erectile dysfunction treatment canadian pharmacy viagra canadian pharmacy viagra
ed vacuum pumps ed drugs generic over the counter erectile dysfunction pills
buy Flagyl buy antibiotics online buy cheap prescription drugs online
erectial disfunction ed meds online without doctor prescription top erection pills
canadian drug buy lipitor online cheap lipitor generic
what type of medicine is prescribed for allergies natural ed pills erectile dysfunction pills
buy viagra where to get viagra viagra coupons
cialis at a discount price buy cialis online fastest delivery of cialis buying online
generic ed drugs lipitor atorvastatin lipitor
soma therapy ed online prescription for ed meds discount prescription drugs
best ed supplements best ed solution how to cure ed naturally
zoctuyit viagra viagra walmart
how much viagra should i take the first time? https://cheapvgr100.online/ dzojwbha
mmkeepbq cheap generic viagra buy generic 100mg viagra online
antibiotic resistance definition order doxycycline 100mg without prescription augmentin antibiotic
acyclovir capsules generic valtrex cost buy famvir
benadryl 50 mg pill benadryl capsules zyrtec-d active ingredients
clomid generic yasmin 21 pills alesse 28 price
benadryl tablets india order periactin pills online zyrtec headache
benadryl 1991 do you need a prescription for zyrtec benadryl australia tablets
alesse birth control acne levlen generic australia yasmin parvaneh
txxiniax 30ml liquid cialis http://cialisirt.com/ average price cialis
yqdlxqoa generic viagra without a doctor prescription http://viagrastm.com/ canada viagra
diduadxc cialis generic availability http://cialisirt.online/ 30 mg cialis what happens
jeizrioc viagra amazon http://viagrastm.com/ viagra cost
hzplbwwb cialis reps http://cialisirt.com/ cialis 30 day sample
men with ed https://canadianpharmacyvikky.com ed medication
medication online https://canadianpharmacyvikky.com prescription meds without the prescriptions
hello guos 9128738511
ed treatment cheap viagra online canadian pharmacy on line pharmacy
pharmacy today pharmacy rx best drugstore face wash
canadian pharmacy canada pharmacy online drugstore pharmacy
ed dysfunction treatment
https://canadarx24.com/
ed men
indian pharmacy online pharmacy rx one medical pharmacy
ed solutions
https://canadarx24.com/
prescription drugs
online pharmacy canada rx pharmacy specialty pharmacy
drug rx drugstore near me drug store news
pharmacy online drugstore pharmacy open near me canadian mail order pharmacy
online pharmacy viagra lbsnrzga buy viagra generic generic viagra online for sale
ed pills cheap rvvlauwk buy levitra generic home remedies for ed
generic cialis black 800mg cialis coupon kypvghan cialis generic
viagra without doctor prescription aavbwexj cheap levitra vacuum pump for ed
canadien cialis buy cheap cialis wcljvcls cialis erection penis
ed drugs jwlqltiw levitra generic generic ed drugs
non prescription viagra pgthyzqh buy cheap viagra no prescription viagra
sppl buy viagra online canada http://dietkannur.org rkyx gfxl
jdos cost of viagra http://dietkannur.org ybkl htuh
cialis tadalafil 20 mg hcqxnajw http://tadedmedz.online/ canada price on cialis
which is better – cialis or viagra bsthmqgo http://tadedmedz.online/ price of cialis
viagra online plus 2 free viagra viagra cana discovercard viagra [url=http://genericrxxx.com/]where to buy cheap viagra[/url] ’
cheep viagra viagra gold 365 buy viagras cheep online from canda [url=http://acialaarx.com/]viagra no prescription[/url] ’
australianviagraonline shopping generic viagra viagra online [url=http://genqpviag.com/]viagra discover card[/url] ’
cialis no prescription overnight delivery cialis cialis cheap buy [url=http://phrcialiled.com/]cialis цена[/url] ’
viagra online shopping asia viagra generic no presription brand viagra 100mg [url=http://llviabest.com/]buying viagra without perscription[/url] ’
cialis 100 mg usa cialis cipra max cialis dose [url=http://21cialismen.com/]where to buy generic cialis[/url] ’
buy cialis on liuner buy cialis tadalafil price of cialis at walgreens [url=http://mycialedst.com/]cialis great price[/url] ’
viagra buy medication without an rx
buy prescription viagra meds without a doctor prescription
cialis dapoxetine online canada which one is better viagra or cialis cialis paypal payment [url=http://cialijomen.com/]cialis[/url] ’
what is better viagra or cialis cialis wiki best price cialis 20mg [url=http://sjcialis.com/]cialis us[/url] ’