How to use Tether (USDT)

The Tether (USDT) cryptocurrency was released in 2014, although it was called differently - RealCoin. It was created on the BTC blockchain protocol and was launched by Bitfinex. The coin was originally developed as a way to link digital and fiat currencies. In fact, it is a digital dollar, since this token is backed by a dollar. In this respect, it compares favorably with other cryptocurrencies, which can be said to be unstable because they have no collateral. Even the most famous and popular cryptocurrencies cannot boast of such stability as Tether.

The teaser, as a digital currency, was created as a reliable alternative to volatile coins with a one-to-one conversion option - 1 Tether always costs $ 1. Such a cryptocurrency would increase user loyalty to digital finance and provide an opportunity to transfer fiat to crypto on the same simple and convenient basis as converting any currency into a dollar. In addition, Tether is designed to reduce the risk of using the coin to pay bills and make purchases, and can be integrated with various platforms.

Another characteristic property of the Tether cryptocurrency is transparency - on the official website, information about the current rate of the coin and the volume of the reserve is always publicly available.

So, how does the Teaser function. According to documentary information, the coin circulates in the network according to a specific algorithm. Any user, regardless of status, can buy tokens for fiat simply by depositing the latter to their Tether account. After that, the coin is issued in a 1: 1 ratio - every dollar turns into a teaser. After that, the user can work with the cryptocurrency at his own discretion, and at the end of the operation he is obliged to return Tether to the companys account. If the tokens are no longer needed by the user, they are destroyed, and instead of them the client receives as many dollars as he originally deposited into the system.

Tether has many advantages that contribute to the popularity of this cryptocurrency. In particular, it is high liquidity, security, high speed of transactions and low commission. The Tether company regularly provides reports on its activities, which can be viewed by anyone, and settlements in the system using this token are carried out without unnecessary difficulties.

The teaser is used primarily for making payments on online services, moving finance between individual exchanges and buying cryptocurrency, which usually cannot be purchased directly with fiat. Therefore, regardless of market volatility, Teaser will remain in demand in the future.