Tether (USDT), summary. Buy for USD, BTCTrade Tether
Price 0.99992204 USD
Tether is a crypto asset which straddles blockchain and fiat money. Essentially, it allows making use of a stable and low volatile digital asset. The project was piloted by Reeve Collins in 2015, originally named Real Coin. Later, though, Tether Limited issued the token USDT with the purpose to combine advantages of cryptocurrencies and fiat assets, create a highly stable and low volatile instrument, and eventually introducing a dollar’s substitute to exchanges not supporting fiat money. The platform’s key feature was that it underpinned each token with US dollar. Real funds are stashed on Tether Limited’s bank accounts, and the total amount of circulating tokens always matches the volume of dollars that Tether has in disposal. To date, the emission has come to 2.78 billion units.
USDT is emitted when a USD equivalent is deposited to the system; vice versa, tokens are discharged when funds are withdrawn from the platform. Tether significantly simplifies the process of converting dollars into a digital currency and immediately puts this digitalised USD into the blockchain, which further hashes and secures all transactions. Needless to say, the reverse transaction is also processed in a flash and with reasonable protection. Initially, Tether was based on the protocol Omni Layer built on Bitcoin’s blockchain, and it took a few minutes to process transactions. In January 2018, developers augmented the product with a flexible and innovative Ethereum’s blockchain, which shrunk the processing time to just one minute. Another benefit of adapting to Ethereum was interaction with other ERC-20 tokens, smart contracts, and decentralised apps. The company even called its currency tethers, by analogy with ethers.
Tethers were designed to facilitate transferring of national currency. With that, the platform’s blockchain supports not only US dollars — developers have already embedded euro’s and yen’s substitutes, which were given the tickers EURt and JPYt responsively. These currencies are also stored on the company’s accounts that are regularly examined by auditors. Tethers can be used not only for exchange operations but for payments or accumulation. Users can store them in any wallets supporting Omni Layer or Ethereum. All this makes USDT suitable for transferring, spending, or saving — just like any other cryptocurrency.
If you are looking where to buy USDT, our exchange will be your best place to get some. We offer you a simplified exchanger, so the purchase will be easy. You can also sell USDT for fiat dollar or exchange tokens for bitcoins. Traders can leverage Tether to fix the profit without withdrawing funds, as USDT is stable even during the correction. All these treats give Tether the image of a handy tool for diversifying a crypto portfolio.
Buy Tether for USD