Tether Cryptocurrency Token Review
Digital currency Tether (USDT) was released in 2015. The main idea of its developers was to provide an opportunity for people to operate with an asset insured against the volatility of the cryptocurrency market. The organizers of the project saw the solution to the problem in pegging the virtual currency to the real dollar rate.
What came of it? In 2019, the development company openly stated that only 74% of their cryptocurrency is backed by real reserves of US dollars. However, this did not affect the popularity of Tether tokens in the market. Let’s take a closer look at what is Tezer , what are its differences from other types of cryptocurrencies and is it worth expecting an increase
From the history of the creation of Tether
Overview Tether token should start with the history of its creation. Its developer is Tether Limited, which in 2015 released a cryptocurrency equivalent to the US dollar in a 1: 1 ratio.
Initially, the virtual coin was called Realcoin. She later changed her name to Tether. The token was developed on the Omni Layer platform – the oldest Bitcoin second level protocol. Now it is available on the EOS, Ethereum, Tron blockchains. The USDT asset quickly became the most popular in the list of stablecoins due to the simple interface of the payment system and the high level of exchange rate stability.
The main differences Tezer from other types of cryptocurrency is the absence of its own blockchain and anchoring it to the rates of fiat currency (real money).
There are 4 types of Tether tokens:
- USDT. Equivalent to the US dollar.
- EURT. Equivalent to Euro.
- CNHT. Equivalent to the Chinese yuan.
- XAUT. Equivalent to a troy ounce of gold.
Virtual coin Tether, capitalization which is now $ 77.19B, takes 3 place in the world cryptocurrency rating. Its main advantages are considered to be low volatility, transparency of settlements and a small commission for conducting transactions.
Where and how to buy
You can buy Tether tokens on cryptocurrency exchanges, online exchangers, from other users through intermediary services (P2P platforms) and so on.
Among the exchanges are:
Popular online exchangers:
In order to buy tokens, you need to register on the resource (there are services without registration), replenish the account from a bank card (system commission is charged), specify the fiat currency for debiting and select USDT in the “Receive” field.
The creators of the Tether token have done a great job so that the new virtual coin can compete with the digital assets used for settlements in the market. It’s safe to say that their project was a success. At the moment, Tezer is a cryptocurrency , which is in the greatest demand among business representatives and individuals for making transactions in the cryptocurrency sector.