What is Tether (1 USDT)? How does it work?

Tether (USDT) is the largest stablecoin by market capitalization. Tether Limited developed the digital currency USDT to serve as the internet's Digital Dollar, with each token  worth  $1 USD and being backed by $1 USD in real money.



What is a stablecoin?



A low volatility digital asset that often keeps a steady valuation is offered by stablecoins like Tether. A stablecoin seeks to keep the same value as its peg by having its value tied to a stable asset, such as gold, the US dollar, or another fiat currency. Investors who want to protect their digital currency assets from inherent volatility utilize it to do so while maintaining value inside the cryptocurrency market that is readily available for use.



USDT history



The precursor to Tether, originally named "Realcoin", was announced in July 2014 by


First found on: https://coinatory.com/cryptocurrency-articles/what-is-tether-1-usdt-how-does-it-work-9201/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP