In what year was Tether issued?

Tether (USDT) was issued in October 2014. As the world’s first stablecoin pegged to the US dollar, it aims to stabilize the cryptocurrency market.

Tether issuance time

Tether was issued in 2014

Tether is a cryptocurrency issued by Tether Limited that aims to stabilize the U.S. dollar at an exchange rate of 1:1. It is a stablecoin designed to provide stability to the volatile cryptocurrency market.

Issuance Background

Tether Limited was established in 2014 and initially issued Tether to address the lack of stability in the cryptocurrency market. At the time, the value of cryptocurrencies such as Bitcoin fluctuated wildly, posing challenges for traders.

Issue Time

Tether was officially issued in July 2014. The coin was originally based on the Bitcoin blockchain and has since expanded to other blockchains as well, including Ethereum.

Purpose of issuance

The purpose of issuing Tether is to provide a stable store of value for cryptocurrency traders and investors. It allows them to convert cryptocurrencies into USD value without selling their assets. This allows them to protect their investment while still participating in the cryptocurrency market.

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