**After the main stable currency, tether, was once decoupled from the US dollar, no one in the cryptocurrency world felt secure. The TEDA coin once fell below 95 cents and rebounded after its chief technology officer promised that investors would not encounter any problems if they redeemed it for $1** Unlike terrausd stable currency, TEDA currency claims to be guaranteed by US dollar equivalent assets. Bitcoin has rebounded above $29000 after falling to $25424 overnight.
TEDA coin, with a market value of about $84 billion, is an indispensable part of cryptocurrency transactions. Stable currency enables traders to switch between transaction execution and value storage without leaving the digital asset ecosystem. TEDA currency has the second largest trading volume among cryptocurrencies, but there have been questions about the quality of its linked assets.
One of the reasons why TEDA coins are widely used is that they are used for cryptocurrency trading pairs on exchanges. According to the data source Kaiko, the number of cryptocurrency trading pairs denominated in TEDA currency exceeds 3500 in various exchanges such as coin security or FTX.