Tether vs Steem Dollars vs USDQ
What problem does this service solve?
Tether is the largest stablecoin. It allows crytpcurrency traders to hedge against volatility. | Steem Dollars are a stablecoin that are designed to be used as a less volatile medium of exchange on the Steem platform. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. |
Token Stats
Company Description
Tether (USDT) is the largest stablecoin cryptocurrency. It is pegged to the US Dollar. (1 USDT=$1 USD) Each Tether token that is issued is backed by $1 USD that is supposedly held in reserve. Tether has been the subject of some controversy because they have failed to allow a transparent audit of their currency reserves. | Steem Dollars, or Steem Based Dollars, are stablecoins released by the Steem platform and pegged to the USD. Steem Dollars (SBD) are one of the three currencies that help power the Steem social media platform. SBD holders are entitled to receive one dollars worth of STEEM when it is redeemed. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. |