Tether, like every other stable cryptocurrency project, remains afflicted with significant design challenges, even though its market capitalization and stability around one dollar give some support for stable cryptocurrencies' capacity to create market stability.
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Like all other stable cryptocurrency projects, Tether is still afflicted with significant design challenges.
From
Wulf A. Kaal, Decentralization - Past, Present, and Future (2019), Part 2: The Present, The Brave New World of Decentralization, p. 31 https://ssrn.com/abstract=3411897 · source PDF
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Wulf A. Kaal, Decentralization - Past, Present, and Future (2019). SSRN: https://ssrn.com/abstract=3411897
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as of the state of stable cryptocurrency design described in 2019
supersedeskaal:claim:3396522-004 Tether's growth in market capitalization, its stability around one dollar, and investors' use of it as a tempo...
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