What is Tether (USDT)?

Website: https://tether.to/

Max Supply: No Data

Circulating Supply: USDT

Total Supply: 64.469.767.617 USDT

Explorer: Tether Explorer

Whitepaper: Tether WhitePaper

What is Tether (USDT)?

Tether is simply a cryptocurrency. It is generated on the Ethereum blockchain network with a smart contract contained in the protocol owned by Bitcoin.

The most important feature of Tether is that it is indexed to the dollar. 1 dollar is expected to be equal to or very approximate to 1 USDT. Therefore, the price of Tether is expected to be consistent with the dollar.

Tether is a stable cryptocurrency. Tether's goal is to ensure that investors do not incur the costs incurred when converting cryptocurrencies to dollars (or vice versa) and to transfer cryptocurrencies quickly and cheaply between platforms.

Tether aims to be both a solution to the volatility in the cryptocurrency market and an alternative to traditional money markets.

Tether (USDT) was created on Ethereum with open source code. It has been created with a Tron-based protocol and is designed to work in many decentralized applications.

USDTs can be stored in digital wallets and secure wallets of Coinpara. If it is desired to be stored in a personal digital wallet, it is recommended to store it in wallets that support ERC20 compatible tokens.