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Tether (USDT) is the most popular stablecoin in terms of volume. Unlike cryptocurrencies, whose prices fluctuate, a stablecoin such as Tether (USDT) tries to hold its value around a specific asset. In this case, the value of 1 USDT is supposed to stay at around 1 US-Dollar. Tether was created as a utility token to represent fiat currency and to use blockchain technology to simplify cross-border payments. As a stable coin, Tether is pegged or “tethered” to the US dollar, as the coin’s name suggests, in order to minimise price volatility.
Tether value mirrors the value of the US dollar
One of the top-10 altcoins
Tether is a stablecoin designed to minimise price volatility relative to the US dollar
Each unit of Tether is allegedly backed by one US dollar in reserve
High-speed transfer rates
Successor to Realcoin
Easy and convenient trading platform for new and experienced users
Secure, safe and free wallet service included
Fast and reliable, available 24 hours a day, 7 days a week
Over 30 digital assets, including Bitcoin, Ethereum, Ripple and more
European company, founded in 2014 in Vienna, Austria
Multiple fiat currencies, including Euro, Swiss Franc, British Pound and US Dollar