Bitcoin.com has released an interesting article about a possible EURO Tether being released.
after the controversial of the USD Tether , the digital USD was a very controversial token, because it's in fact a token that supposed to be serving as a US dollar, on some of the exchanges that couldn't really offer having direct fiat currency.
So each token (USDT) is supposed to be backed buy a dollar, but there still hasn't enough proof whether this is actually true.
So now they're planning to release a Euro tether that is also going to be controversial again, i'm sure there won't be enough transparency as to whether these tokens would really be backed by enough reserves of the currency that they're supposed to represent.
Be careful when you're trading and this should be used only for short trades, if you're a trader and you 're trading BTC against USDT , make sure that you do it for short term trades because we don't really know whether these tokens would have a problem at some point that's all i can say .
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