E-currency exchange AlfaCashier recently announced that it is adding yet another digital currency to its platform.
Tether, as the new addition is called, has lately garnered reputation of a fiat-backed digital currency. Its price is 100% backed by traditional currencies like Dollar, Yen, and Euro. So 1 Tether in real time is almost equivalent to 1 USD. This particular feature makes Tether an ideal digital currency to hedge, for its more likely stable and liquid than any of its counterpart.
AlfaCashier, which already has a reputation of adding only genuine and well-backed digital currencies, chose Tether after studying it thoroughly. As the exchange stated in its official announcement, it was particularly fascinated by its “safety, security and wide community support.”
“We are excited to provide you with a new convenient method of purchasing and sell Tether for leading cryptocurrencies like Bitcoin, Ethereum, Dash, etc.” AlfaCashier added. “We hope that you will fully appreciate its convenience.”
In its trademark manner, the exchange went on seeking users’ choices of the cryptocurrencies that should be added to the platform. AlfaCashier had lately added Ethereum and Dash in the same fashion.