What is Tether?
05-12-2021Tether is a blockchain-based cryptocurrency whose coins in circulation are backed by an equivalent amount of traditional fiat currencies which are held in a designated bank account.
First launching with USDT in 2014, the company’s idea was to make government money more compatible with newer crypto assets, which traded 24/7 on an active global market.
How does Tether work?
Tether belongs to a new breed of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable. Tether was created to build the necessary bridge between fiat currencies and cryptocurrencies.
How to buy Tether?
- Create an account
- Verify your identity
- Fund your account and start trading Tether on X1
What can I do with Tether?
- Store/Hold USDT Tokens
You can hold on to your Tether with the expectation of it increasing in value, you can also store your Tokens safely on your account or in your crypto wallet.
- Trade USDT Tokens
You can trade Tether for other cryptocurrencies.
- Send USDT Tokens
You can send it to anyone and anywhere with their Tether address.
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