The difference between Tether and U-coin: Value peg: Tether is pegged to the U.S. dollar, while U-coin is determined by market supply and demand. Issuing institution: Tether coins are issued by Tether Limited, while U coins are issued by U Network. Usage: Tether is used for cryptocurrency transactions, while U Coin is used for digital payments.
Tether is not a U-coin
Tether is a stable currency whose value is pegged to the U.S. dollar. It is issued by a Hong Kong company called Tether Limited and aims to provide a more stable cryptocurrency that is pegged to the value of the U.S. dollar for use by cryptocurrency traders.
What is Tether?
Tether is currently the largest stablecoin on the market, with a market value of more than $60 billion. It is pegged to the U.S. dollar, meaning that the value of one Tether coin is always theoretically equal to $1. Tether is often used as a medium for cryptocurrency trading as it provides a way to easily exchange value between different exchanges and crypto assets while avoiding market volatility.
What is U coin?
U Coin is a cryptocurrency issued without authorization, also known as a "voluntary bank". It was launched in 2016 and distributed by a company called U Network. U Coin is designed to be a convenient digital payment method that users can use to purchase goods and services online.
The difference between Tether and U coins
Although Tether and U coins are both cryptocurrencies, there are several key differences between them:
The above is the detailed content of Is Tether a U coin? Is it true?. For more information, please follow other related articles on the PHP Chinese website!