Short definition about tether coin
Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by the same amount of traditional fiat currencies, just like the dollar, the euro or the japanese yen, which are held during a designated checking account . Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
The CEO of tether coin is Jan Ludovicus van der Velde.
Tether was launched as RealCoin in July 2014 and was rebranded as Tether in November by Tether Ltd., the corporate that’s liable for maintaining the reserve amounts of fiat currency. It started trading in February 2015.
Why Is Tether coin stable?
Tether was specifically designed to create the required bridge between fiat currencies and cryptocurrencies and offer stability, transparency and minimal transaction charges to users. it’s pegged against the U.S. dollar and maintains a 1-to-1 ratio with the U.S. dollar in terms of value.
Tether is fixed to the US Dollar does not mean its ecomomic value is fixed. It changes vs BTC/ GOLD / £/ € / ¥ every second just as the $ does. The purpose is it keeps the USDT at the exchange in the same (for simplicity call it) format. … BTC or fiat currency is moving every second.
Tether coin is a stable coin, it’s way less volatile. Traders and investors can hold USDT and not need to worry about significant gaps in price fluctuation which is common with most cryptocurrencies. This makes USDT more practical for mainstream use cases.
How to convert usdt to cash?
we can convert usdt to cash through tether.io to bank and also deposit USDT to Bitfinex to cash out.
There are many ways to convert it to cash like online exchengers and we can use Epay to use cash out USDT.
How to earn USDT?
There are may be many ways or websites for earn free Tether coin.
But i suggest a website with you guys where you can earn some free USDT.
To receive your free USDT, all you have to do is sign up for an account on Idle-Empire, answer a few paid surveys, watch videos, or complete offers and quickly redeem your points for USDT. They send USDT directly to a wallet address of your choice.
How to get USDT wallet?
Its very simple just signup in to Tether.io and to reate account and enter your all persnol detail and click on create account so your account have been created.
And now you need to activation mathod like 2-FA code
Some detail about Tether Coin.