Tether Stablecoin (USDT)

Tether Stablecoin (USDT)

In the beginning, we will ask you one question, and you, please think about it and answer it. What is the most liquid commodity? If you said that it is money, then you are absolutely right. And as you already know, there is a real upheaval in finance right now, which can be compared to the beginning of the use of paper money instead of gold. After that, there was the abandonment of tying bills to gold, this event occurred in 1971, with the development of technology, we began to use plastic cards, with which it became possible to transfer money to another person in a matter of seconds.

So, at this moment, we are on the threshold of a new revolution in finance - this is the moment of introduction of cryptocurrencies and blockchain into society. There is no doubt that cryptocurrencies will be accepted by humanity. The question is how quickly you will start using them and making money with them. Now, we look at a project that combines both cryptocurrencies and fiat money - this project Tether (USDT).

About Tether (USDT)

Tether is the first company in the world to create a platform in which it combines the functions of cryptocurrencies and fiat. Tether operates on blockchain technology. Tether developers took the Bitcoin blockchain for their project, so it is fully secure.

What is Tether (USDT) Stablecoin

Tether Stablecoin is a digital asset, the exclusive feature of which is the use of digital equivalents of real currencies. Due to this feature, Tether cryptocurrency is free of speculative moments that, to some extent, scare people away from the cryptocurrency sphere.

The Tether platform is capable of converting U.S. dollars, euros, and Japanese yen into a stabelcoin called Tether. In this case, Tether has one hundred percent collateralization of its coins, i.e., 1 USDT is the ticker symbol of the Tether coin. It is equal to 1 USD. And 1 EURT equals 1 EUR, as you see, stable coin's ticker varies depending on currency, which is converted into it, with letter "T" being added to the name of currency.

The benefits of a stable Tether coin (UZDT)

Blockchain technology allows Tezer to use the best cryptocurrency characteristics: anonymity, transaction speed, transparency and reliability. At the same time, tying USDT cryptocurrency to a specific currency gives a clear understanding of the amount of fiat currency in your account. In other words, you enjoy the benefits of cryptocurrencies while using familiar money.

Tezer Stablecoin Wallet (SZDT)

The developers created their own, native Tether web wallet and added a mobile app to it. The Tether wallet acts as a regular cryptocurrency wallet with which you can store, send, and receive cryptocurrency. The minimum amount to deposit and withdraw is 1 unit, and no fees are charged for these transactions. In addition to the "native" wallet, Tether is also supported by other popular resources, such as Coinomi wallet, which you can read a review here, and exchanges like Binance, Gate.io, HitBTC, Bittrex.

Conclusion

The Tether project and its namesake stabelcoin can attract more and more people to the cryptocurrency sphere. After all, storing money in a stable Tether coin itself carries absolutely no risks. Thanks to its approach, Tether provides an opportunity for companies to make the most of their business opportunities, saving themselves the headache of how to send a payment. Our opinion, the stable Tether coin is an angel, among cryptocurrencies.

Frequently asked questions

How does the Tether Stablecoin (USDT) work?

USDT does not work in its own blockchain network, but is a second-tier currency functioning on top of the bitcoin and seven other cryptocurrency blockchains. The value of USDT is pegged to the U.S. dollar, a fiat currency - 1 USDT = 1 USD. 

How many total Tether coins (USDT) are in circulation?

There are 68 billion USDTs in circulation.

Where can I buy a stablecoin Tether?

You can buy Tether stablecoins on the Binance exchange.