Report post

What is Tether USDT?

Tether USDT is a cryptocurrency stablecoin pegged to the USD and is asset backed by USD reserves. What Is Tether (USDT)? Is USDT Cash? Is USDT a Threat to Crypto? Why Is Tether So Popular? What Does Tether Do? Why Did Tether Depeg? How Do Tether Tokens Work? Why Use Tether?

What is USDT token?

Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains ( Source ). What Is Stablecoin?

Is USDT a good investment?

Being an asset-backed cryptocurrency stablecoin has made USDT a safe haven asset for poor market conditions. If your goal is to profit from cryptocurrency trading, a more established currency such as Bitcoin will be a better bet on future financial gains. Can Tether Really work?

When did Tether (USDT) become Realcoin?

On the 20th of November 2014, Tether CEO Reeve Collins announced that the name of their token, Realcoin, would be changed to Tether (USDT). Tether’s contentious history begins with its launch on the market. In January of 2015, Bitfinex allowed Tether (USDT) to be traded on their exchange platform for the first time.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts