Tether company to be fixed at 1 US Dollar. The crypto currency traded on the market with the symbol USDT is also called USD Tether. Due to the fixation of its value, it is in the category of stable money.
Tether, which appeared as RealCoin in 2014 but regained its new name with a rebranding in 2015, has managed to reach a market value of billions of dollars in a short time due to the fact that it has solved some of the major problems of the crypto currency industry.
Decking out on the principle of stability, transparency and low transaction fees, Tether acts as a bridge between fiat currencies and cryptocurrencies. More than 80 percent of the trading operations performed with Bitcoin, the largest cryptocurrency in terms of market volume, are performed with Tether. This statistic proves the popularity of the USDT.
How is Tether (USDT) Mining Done?
The Tether (USDT) cryptocurrency cannot be mined. It is released by the Tether company for $1 for each Tether.
How is Tether used?
In order to buy or use Tether, a virtual wallet needs to be created. Thanks to the addresses of these wallets, you can exchange crypto currency and make purchases. The Tether transfer process is sent by signing with asymmetric encryption. Each of the transactions is announced over the network and is included in the blockchain, that is, in the chain. In this way, it is prevented from using the same Tether more than once.
How to Buy Tether?
You can easily get Tether through trusted sites where you can make crypto currency purchases. For example, you can easily trade by becoming a member of a site such as Binance or Paribu and activating your account.
Click here to buy USDT Tether
If you’re interested in a Tether-like article, What is FTM? Will FTM Coin Rise? Check out our article