What is Tether (USDT)?

A cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual.

Updated over a week ago

Tether is a cryptocurrency token issued by Tether Limited in 2014, blockchain-based digital currency that is pegged to the U.S. dollar.

Pioneered the stablecoin model and are the most widely traded. Tether tokens (USD₮) claims its value is backed by 20 percent of its US dollar reserves held in its bank accounts.

Stablecoins typically have a 1:1 relationship with USD and experience far less volatility than cryptocurrency counterparts like bitcoin (BTC) and ethereum (ETH).

  • unparalleled liquidity

  • widespread Adoption

  • 100% backed by Tether’s reserves

  • fully transparent

  • available in different currencies - USD₮, EUR₮, MXN₮ CNH₮.

  • regulatory-compliant

The main idea - to provide participants in the cryptocurrency market with the opportunity to use a stable digital asset (“stablecoin”), the rate of which is pegged to the US dollar and does not fluctuate as much as the rates of other cryptocurrencies.

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