Forwarded from Changelly (Changelly_bot)
What is Tether (USDT) cryptocurrency about?
Today we are gonna look into the special #crypto - USDT, a cryptographic version of the #USD or β#stablecoinβ.
β‘οΈTetherβs uniqueness is in its pricing. Tether coin is always worth $1, and it can be redeemable for $1 of fiat currency. However, this stability applies only to the US dollar. In the case of Bitcoin, the course often sags. There have been deviations in the history of USDT cryptocurrency, but they were no more than $0.08.
Even though the Tether is always valued at $1, the coin had a historical maximum and minimum. USDT token is trading on a wide range of crypto exchanges, where the price of one coin depends on market supply and demand. The cryptocurrency is also pegged to the Euro and the Japanese yen.
The all-time high price was tested on May 27, 2017, δΈ $1.21.
The all-time low price was on February 2, 2017, δΈ $0.849809.
β‘οΈ The Tether network is built within three layers. The first layer is the Bitcoin blockchain and the Tether transaction system, the Omni protocol. At the second level, the Omni protocol itself is located. This technology allows you to create and destroy a cryptocurrency, track and report the circulation, transact and store USDT and fiat in a peer-to-peer, pseudo-anonymous, crypto secure environment.
The third level is occupied directly by Tether Limited. The company is responsible for accepting fiat currencies from users and issuing cryptocurrencies instead and maintaining reserves. Moreover, Tether Limited makes decisions and integrates cryptocurrency on various exchanges, wallets, other projects, etc.
β‘οΈFor storage of USDT, you can use quite a wide range of wallets: hot and cold. Because of compatibility with Ethereum, Litecoin, and Trezor, the range of wallets increases. Letβs dig into the variety!
MyEtherWallet. This is a web browser wallet which can even be a Chrome extension.
Omni Wallet. This is an original Tether wallet which takes control over usersβ private keys. This possibility makes the wallet extremely safe.
Tether Wallet. This is an official Tether wallet but it has some issues. The wallets were hacked in 2017, intruders have stolen 31 million USDT. Not the best wallet to keep your savings.
Coinomi. This mobile wallet enables you to keep money on your Android or iOS. It is user-friendly and safe for your assets.
Exodus Wallet. This is a desktop wallet which allows keeping the best-known cryptocurrencies: Bitcoin, Ethereum, Dash, Litecoin, and of course Tether.
Ledger Nano S. If you require more privacy and safety, use the Ledger cold wallet. It costs some money but definitely worth it.
Get more Tether latest news and technical insights about USDT in our blog - > https://changelly.com/blog/what-is-tether-usdt
#changelly_explains #cryptocurrency
Today we are gonna look into the special #crypto - USDT, a cryptographic version of the #USD or β#stablecoinβ.
β‘οΈTetherβs uniqueness is in its pricing. Tether coin is always worth $1, and it can be redeemable for $1 of fiat currency. However, this stability applies only to the US dollar. In the case of Bitcoin, the course often sags. There have been deviations in the history of USDT cryptocurrency, but they were no more than $0.08.
Even though the Tether is always valued at $1, the coin had a historical maximum and minimum. USDT token is trading on a wide range of crypto exchanges, where the price of one coin depends on market supply and demand. The cryptocurrency is also pegged to the Euro and the Japanese yen.
The all-time high price was tested on May 27, 2017, δΈ $1.21.
The all-time low price was on February 2, 2017, δΈ $0.849809.
β‘οΈ The Tether network is built within three layers. The first layer is the Bitcoin blockchain and the Tether transaction system, the Omni protocol. At the second level, the Omni protocol itself is located. This technology allows you to create and destroy a cryptocurrency, track and report the circulation, transact and store USDT and fiat in a peer-to-peer, pseudo-anonymous, crypto secure environment.
The third level is occupied directly by Tether Limited. The company is responsible for accepting fiat currencies from users and issuing cryptocurrencies instead and maintaining reserves. Moreover, Tether Limited makes decisions and integrates cryptocurrency on various exchanges, wallets, other projects, etc.
β‘οΈFor storage of USDT, you can use quite a wide range of wallets: hot and cold. Because of compatibility with Ethereum, Litecoin, and Trezor, the range of wallets increases. Letβs dig into the variety!
MyEtherWallet. This is a web browser wallet which can even be a Chrome extension.
Omni Wallet. This is an original Tether wallet which takes control over usersβ private keys. This possibility makes the wallet extremely safe.
Tether Wallet. This is an official Tether wallet but it has some issues. The wallets were hacked in 2017, intruders have stolen 31 million USDT. Not the best wallet to keep your savings.
Coinomi. This mobile wallet enables you to keep money on your Android or iOS. It is user-friendly and safe for your assets.
Exodus Wallet. This is a desktop wallet which allows keeping the best-known cryptocurrencies: Bitcoin, Ethereum, Dash, Litecoin, and of course Tether.
Ledger Nano S. If you require more privacy and safety, use the Ledger cold wallet. It costs some money but definitely worth it.
Get more Tether latest news and technical insights about USDT in our blog - > https://changelly.com/blog/what-is-tether-usdt
#changelly_explains #cryptocurrency
Changelly
What Is Tether? USDT Meaning, Explained
Tether (USDT) is part of a special subclass of digital assets known as stablecoins. A vital link between cryptocurrencies in the real world.