What is USDT?

[Ameralsamt 2558]

USDT هو أصل عملة مشفرة تم إصداره إلى Bitcoin blockchain عبر بروتوكول Omni Layer. يتم دعم كل وحدة USDT بدولار أمريكي محتفظ به في احتياطي Tether Limited ويمكن استرداده من خلال منصة Tether.

[riazpakistani 911]

On 10/9/2020 at 4:53 AM, Gsantana1967 said:

The USDT coin is part of a new “species” of cryptocurrencies called stable currencies that precisely seek the stability of cryptocurrencies, unlike the radical changes that have been seen in other cryptocurrencies such as Bitcoin or Ethereum. In this way, it would actually be possible to use them as a means of exchange and as a means of saving instead of using them as an instrument of speculation.

This refers to the fact that its value is always tied to the USD. USDT was originally announced under the name RealCoin, in July 2014 and appeared as a startup based in the United States. It was until November 2014 that the name change to Tether was announced.

Dear @Gsantana1967 you share the very good details about the USDT.

But I want to add here some information about USDT.

USDT is the digital currency cash that is mirror/equal to the US dollar.

It was created as the idea of the digital Cash by the tether limited.

And it is stable cryptocurrency as well as controversial.

[Alimhana930 1605]

Quite simply, it is the digital US dollar or its equivalent in the crypto world It is a fixed price currency that is not affected by market fluctuations and is the best choice for a capital freeze and is available on several ERC20, TRC20 and TRON networks.

[CathyJohnson42 250]

Its one kind of stable coin.Its not a usa dollar. You can find tether coin in your wallet. You can also trade by it.In yobit site,you also notice this coin.Its price is also good.

[Roop 1108]

USDT is a stable coin whose value is nearly equals to 1 $. It is made by tether company. Its name is derived from USD and T is for tether. It maintains a fixed value in relation to the high value fiat currency.

[Artugul78 91]

You asked a very good question, not many people know about this USDT.  Everyone needs to know about USDT to stay in the crypto market.  The USDT is a US dollar. It is a stable currency. It affects a lot of cryptocurrencies and keeps it stable.

[Tom Brandon 226]

USDT is one of the most popular and most used cryptocurrency.This is one of the most used stable currency.USDT currency price is stable which is exact $1.This cryptocurrency market volume also very high.

[MT khan 1886]

Ustd is stable coin which is his own value is pin $ chain protect members from the volatility of the cryptocurrency space by fixing the value of its crypto currency to the value of an established fiat money .

[Serbberq 724]

USDT is a stable coin that have good value, and is rated with the USD in value which will bring competition to America to have stable coin as same value as their fiat currency. 

[KHALED ADWANI 1216]

I have a question about this currency, is it official?
Is it issued by the US Federal Bank, or is another party responsible for it?
And what other countries have issued these currencies
If you knew those answers I would be grateful for that

[babagimba45 81]

ISDT also referred to as tether is a stable coin and it is backed by real dollars. What that means is that 1 USDT is equal to 1ISD. Instead of dealing with USD you will be better if dealing with USDT as it does the same thing and even better since it is also a crypto currency.

[Rakib408 135]

Usdt is not USA local currency it's a coin from crypto currency. You vmcan get more income from this coin. And can do trade it also. Gather also more knowledge from this site  it's price also good so it's look like ltc or eth coin.

[nanaaisha20 61]

USDT is the best stable coin on the crypto world. It represents dollar on the blockchain, also it is the third most traded crypto currency after bitcoin and ethereum. This shows how powerful tether has become.

[Lazzi 424]

Wow this nice stable coin can actually be the cryptocurrency we can back on for buy of material things because of it stability in value this is a nice development I must confess.

[nanaaisha20 61]

Tether is very good coin that you can make use of to save your money from cryptocurrencies during times when the market is bad. You can also store your money in dollars by using USDT. It is a stable coin that is pegged with dollars.

[TimopheyKa 3900]

I think this Unusual virtual currency USDT is characterized by interesting features and qualities. The most important properties of the data amount of cryptocoins are:

– good stability. Altcoins are backed by a real currency. This allows users to take advantage of the unique advantages of digital transactions and conversions without the risk of spontaneous volatility inherent in most cryptographic coins;

– no emission limit. While the Tether project is functioning, coins will be issued;

– adjustable value of the digital currency. Developers try to keep the exchange rate of one USDT to one USD, so if necessary, the issue can be activated in the event of rapid growth of quotations. On the contrary, if the coin starts to get cheaper, the release of altcoins will slow down;

[Gul44 54]

Dear friend, USDT is a stable currency that is widely used frequently to get rid of speculative transactions and to be able to obtain the profits from trading in just seconds, it is one of the most used stable currencies. Good luck

[matias estigarribia 1605]

USDT (Tether) is a stablecoin, that is, its price is very stable, its value is always tied to that of the American USD. These types of currencies such as USDT and DAI are ideal for people who want to save since their value has no volatility.

[Zafar123 906]

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash. Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Read More.

[online123 992]

Usdt is a currency like bitcoin lite coin etheriam and doge coin it is online coin we can also buy many crypto with usdt this is also famous crypto currency i saw

[Quickbee 26]

Most of the currencies fluctuate according to the political environment and financial market. But the USDT being related to the US dollar, traders cannot speculate on it. So it is comparatively stable.

[John smith 331]

USDT is USD teather. The value of this coin is constant, not that like constant it changes but very little bit almost the value of 1 USDT is 1$. One can hold their funds in USDT if market is not stable. 

[koynayak 1923]

Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. If you want to turn your dollar to a crypto you'll get usdt. There are several stable coins just like tether but they're not bigger like tether.

[Wanderdark 2178]

USDT stands for Tether. It is a stablecoin directly relevant to 1 american dollar. When people want to do trading in exchanges, they need tether (1 u.s. dollars). Exchanges obtain tether from tether treasure with real dollars, So 1 tether is held in tether treasury for minted 1 USDT (in theory) 

There are also stablecoins like USDC, DAI and Binance's BUSD they are all 1 Dollars worth as well. 

Thanks for reading and have a nice evening

 

[mzk7736 1592]

It's is also called tether and it's a stable crypto coin in reference with US dollar. Its price always remains parallel to USD that's why it is very good to store your money and keep the money safe from fluctuations of market.