This is by far the most famous, as well as the most controversial stablecoin out there right now. Tether is yet another stablecoin that mimics the value of USD. It is also an ERC20 token that is fully fiat-collateralized. Bitfinex, one of the most famous cryptocurrency exchanges, is behind this particular project.

The controversy surrounding this coin is that they are not completely transparent. It was rumored that Bitfinex used USDT to manipulate the prices to its advantage. There is no proper auditing mechanism in place, which is worrying. Nevertheless, it is the most popular stablecoin cryptocurrency with a market cap of a whopping 2.76 billion dollars.

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