What is Tether (USDT)?
Tether trades via blockchain, which is connected to the (USDT) cryptocurrency ERC-20 protocol. Tether (USDT) cryptocurrency was launched by Tether Limited in 2015.
Tether (USDT) is a stable coin that is a virtual version of the US dollar. The value is always traded constant as 1 USDT = 1$. The company claims to have $ 1 in its vault for each commercially available tether (USDT) cryptocurrency.
Users can transfer their tether (USDT) balances through the blockchain system and store them in virtual wallets suitable for the ERC-20 blockchain system.
What are the advantages of Tether (USDT)?
Tether (USDT) is a real currency-backed cryptocurrency linked to the US dollar. Its price is fixed, and in return, the company’s cash register has its equivalent in dollars.
One of the most important advantages of real currency is the ability to transfer at low costs. Bitcoin blockchain system was supported by Omni Layer, which is a separation, but Omni Layer blockchain network could not meet the desired ERC-20 system began to transition.
It offers the ability to trade in dollars on cryptocurrency exchanges.
How is Tether (USDT) mining done?
The Tether (USDT) cryptocurrency cannot be mined. It is released by the Tether company for $ 1 against each Tether.