What is Tether USD ?
Tether was born in 2014 from an idea of JR Willet, recognised in the crypto world as ‘the man who created ICOs’. USDT is a stablecoin issued by the Tether company, whose value is in a 1:1 ratio with that of the US dollar. This means that 1 USDT will always be worth $1. The first exchange to introduce it was Bitfinex and USDT trading today accounts for 80% of all the global Bitcoin trading.
Why buy Tether USD ?
Tether is the most discussed stablecoin in the crypto world. Many doubt that the Tether company has – as it claims – dollar reserves at a 1:1 ratio with the cryptos it issues. However, it remains the most widely used stablecoin on the market. Its main function is to make it easier for traders and companies to protect their crypto funds in times of high market volatility. It also enables large amounts of capital to be transferred between exchanges quickly and cheaply.
How was it created?
Tether released its beta version in 2014, while its official version came out in 2015. The stablecoin was supported by Brock Pierce, philanthropist and entrepreneur. The first coins were minted on the Bitcoin blockchain, with the objective of offering a crypto in a 1:1 ratio with the US dollar.
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