Tether profile
Tether Profile (USDT)
Rating: C | Good
Balanced Large Cap
Project Safety Score

Wed, Jan 26, 2022 12:05 PM

C
Rating Good
Market Cap $78196004036.196
24hr Volume $58107653971.867
Price $1.0004905194843
Review

Tether

token

Ethereum

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.”

Read more in the whitepaper:
https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf

Tether Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0xdac17f958d2ee523a2206206994597c13d831ec7


Ecosystems.

Tether is a part of the following ecosystems.

Tether Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Tether Safety Report

Tether has a safety score of 6.34

Tether is a large cap token.

Tether is suited to a balanced investment style.


Tether Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • project team
  • github
  • bitcointalk thread

Tether Red Flags

There are currently no Tether red flags.


Tether Development Score

The link to the projects repository has not been submitted yet.


Tether Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Enough of a collection of articles to be just about confident of the sentiment

Tether Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Tether?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Tether has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • extremely high hashtag tweets
  • very poor reddit articles
  • no gitHub account watchers

Tether Awareness Score

The awareness score indicates how well Tether is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Tether is but a good measure of longevity is how well the project is known by the general public.

Overall Tether this project is well known by the general public. There are lots of articles and posts in the main stream media outside the crypto currency community.

Highlights:
  • very good number of news articles mentioning Tether
  • very good number of headlines about Tether
  • good search result total
  • very poor number of Tether YouTube videos

Tether Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Mature project age (released Feb 25, 2015)

Tether Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • extremely high USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Tether Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

USDT
Member Ratings (USDT)

1/5

4 reviews
Ratings and reviews left by our members do not impact the profile score.

Wise Wolf

Thu, Dec 23, 2021 3:09 PM
The company that is behind USDT has been involved in covering up their finances and has had some of the companies under their umbrella in financial trouble, they have been accused of using USDT to cover losses and prop up other cryptocurrency prices like Bitcoin. There are also rumors that USDT isnt backed up 1:1 by the USD and they have never had any audits of their USD reserves. This coin has more red flags than a Chinese military parade.
0 0

Charles

Fri, Aug 6, 2021 2:41 PM
Tether printer goes BRRRRRRRR, Magic Tokens A.K.A SCAM
0 0

connyfucks

Sun, Apr 11, 2021 11:45 PM
The biggest scam in crypto
5 1

TetherIsAScam

Sat, Mar 23, 2019 1:32 PM
Tether is used to artificially drive up the price of bitcoin - a real piece of crap coin.
9 0

80%

Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • project team
  • github
  • bitcointalk thread

Member Signals

1/5

(4 reviews)
Member Ratings
Market Cap Rank:
3
Voted:
shit
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.

Tether Reddit

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