Alternatives to Tether

Tether’s bank is having some trouble lately and Tether and Bitfinex are looking for a new bank while diversifying their assets away from Noble Bank. I do not think that Tether is in trouble because I believe Bitfinex has enough to support Tether but if you are interested in Stable coins you should look at the following. All are better backed and more legitimate than Tether:

1. Paxos Standard
2. Gemini Dollar – The Stable coin from Gemini Exhange
3. LBXPeg — Pegged to the British Pound and not US Dollar
4. USDcoin — Goldman Sachs backed

So Tether’s demise would not be as devastating as some would think, there are many willing to step up and take its place.

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