What is TEDA Coin? How does TEDA Coin work? How does TIDECOIN make money?

How to mine Tethercoin?

Although Tether is a digital currency in the same category as Bitcoin, it cannot be mined because it is essentially pegged to the U.S. dollar. Mining Tether contradicts the reason for creating this cryptocurrency, so the only way to obtain Tether is to buy it. Note: Cryptocurrency trading, buying and mining are prohibited in mainland China.

How does TEDACOIN make money?

How does Tethercoin make money? Tether Coin (Tether) does not make money; instead, Tether Coin loses money because it is tied to real-world assets. Despite this, Tethercoin still acts as a lubricant for the rapidly growing crypto market. Note: Cryptocurrency trading, purchasing and mining are prohibited in mainland China.

Why has Tethercoin caused so much controversy?

Teta Coin (Tether) has been embroiled in controversy for its opaque foreign exchange reserves. Previously, the New York Attorney General's office filed a lawsuit against Tether Holdings, requiring the company to publish its legal reserve currency records on a quarterly basis. However, the company recently released records showing that only 10 percent of Tether's $69 billion-plus market capitalization is backed by real money and similar financial instruments. This has ignited the ire of regulators and critics who claim the stablecoin is printing money. Tether Holdings was also recently involved in the misappropriation of funds from cryptocurrency exchange BitFinex and was fined $18 million.