Currencies > Tether (USDT)

Tether (USDT)

What is Tether coin?

Tether coin is a cryptocurrency launched on the Bitcoin blockchain. Being a stable coin, each USDT is backed by a reserved U.S. Dollar. Tether, just like other cryptocurrencies, can be transferred, held or spent on goods and services. USDT was created to facilitate the transfer of national currencies and provide the users with a non-volatile alternative to popular cryptocurrencies.

The amount of circulating Tether must always be equal to the total amount of Dollars stored in Tether Limited bank account. To prove this, the company publishes the bank account balance on their website, in the Transparency section.

What are the advantages of Tether?

  • Stability. Tether is tied to the real-world currency which makes USDT shielded against volatility. This makes Tether convenient for both merchants and their customers. With cryptocurrency rates fluctuating, businesses (as well as their clients) may experience losses because of crypto price change. With stablecoins, this problem gets eliminated.

  • Transparency. Tether Limited prides itself as a fully transparent company – the users can always see how many tokens are in circulation at the moment as well how much the company's reserve is.

How to store Tether coin?

USDT can be stored in the official crypto wallet – available at the company's website: tether.to.

Where to buy Tether?

Tether is available for purchase almost on all major cryptocurrency exchanges. Variety of exchange services list USDT at different rates. You may always check the most relevant Tether coin price and Tether coin price chart on CoinMarketCap.

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