Problems

HIGH VOLATILITY

Other cryptocurrencies like Bitcoin , Etherum , Ripple , Binance and many others are highly volatile which leads to unexpected changes in the market sentiment and sudden moves in price Factors such as decentralization , lack of investor confidence , limited oversight , absence of central authorities and many other factors make most of the other cryptocurrencies highly volatile .

CONVERTIBILITY

Convertibility between fiat and cryptocurrencies is another major issue that the other currencies deal with . People use this coin as an alternative to fiat currencies and due to its notable exchange options that utilize the token such as Binance , Coinbase , Bitfinex , Poloniex , OKEx . Tether is fully backed 1 : 1 by deposits of US dollars held at banks . It utilizes the Omni layer on Bitcoin to represent USDT tokens .