Is EOSDT a Better Stablecoin than Tether?
Consequently, I view ESODT (ESDOT) as a stablecoin to watch. I advise speculators to monitor ESDOT because it could be the next big stablecoin.
Why Tether (USDT) is the most valuable digital currency
Thus, you can describe Tether as a contract to buy or trade one US dollar rather than an actual currency. Bitcoin, in contrast, functions as a real currency. In fact, all of Bitcoin’s value is in BTC itself. Tether’s value rests in the US Dollar.
Some EOS Stablecoins
Presently, there only seems to be a market for USD stablecoins. However, I think there will be a demand for Euro stablecoins soon. On the other hand I cannot tell if there is a market for Yuan or Yen stablecoins.
Equilibrium Announces Partnership With Huobi Wallet
“Due to this increased demand, Huobi Wallet positioned itself as one of the first wallets to support all major stablecoins,” said Huobi Wallet CEO Will Huang.
What Value does Tether Have?
Tether is a stablecoin. To explain, a stablecoin is a cryptocurrency that contains a smart contract linked to a trust account. A smart contract is an algorithm; or digital robot, that performs a specific act. When you make a USDT purchase, the Tether smart contract releases one $1 in US currency to the merchant.