Trending Balita: July 2021

Friday, July 16, 2021

Muyan66 Tether Betting App

Muyan66 Tether Betting app located at muyan66.com appears to be a scam. The newly created website that was registered by someone in China, has been shut down. A few friends of mine have deposited money and are unable to get it back. Their accounts were blocked, making it impossible for them to withdraw their money. And, when they tried to contact someone at Muyan66, they got no response.

Tether (USDT) is the largest stablecoin (crypto asset pegged to the value of something relatively more

stable like the US dollar) in the world. Not only is it the largest stablecoin, but it’s also one of the largest cryptocurrencies by market capitalization (number of circulating Tether multiplied by Tether price).

The reason that investors and traders use Tether is liquidity, or the ability to get in and out of cryptocurrency positions without huge changes in price. Tether regularly posts billions of dollars in daily trading volume, making it more liquid than even Bitcoin at times.