Tether is a virtual currency that pegs cryptocurrency to the U.S. dollar, the fiat currency. Each Tether is symbolically tied to a government-backed fiat currency. Tether is a virtual currency held in a foreign exchange reserve account and backed by legal currency.
USDT has been online for trading as early as 2015, but domestic exchanges introduced it late, and many investors still don’t know much about it, and even Feel strange.
Tether is a virtual currency that pegs cryptocurrency to the U.S. dollar, the fiat currency. Each Tether is symbolically tied to a government-backed fiat currency. Tether is a virtual currency held in a foreign exchange reserve account and backed by legal currency. This method can effectively prevent large price fluctuations in cryptocurrency. Basically, one Tether is worth 1 US dollar.
Blockchain Technology
The Tether platform is built on blockchain technology, leveraging the security and transparency they provide.
Wide integration
The most widespread digital currency currently is Tether. Tethers are used on Bitfine, GoCoin, shapUNK and other exchanges.
Stable Currency
Tether converts cash into digital currency that anchors or pegs the price of national currencies such as the U.S. dollar, euro and Japanese yen.
Transparent
Tether strictly adheres to the 1:1 reserve guarantee, that is, for every USDT token issued, its bank account will have 1 US dollar of funds guaranteed. Users can conduct fund inquiries on the Tether platform to ensure transparency.
Security
Tether’s blockchain technology provides world-class security while meeting international compliance standards and regulations. The equivalent value of 1USDT = 1 US dollar, thus becoming a good value-preserving token in the cryptocurrency market.
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