Tether (USDT) is a cryptocurrency that operates on a blockchain connected to the ERC-20 protocol. The Tether (USDT) cryptocurrency was launched in 2015 by Tether Limited.
Tether (USDT) is a stable coin, which is a virtual version of the US dollar. Its value always trades at a fixed rate of 1 USDT = 1 $. The company claims to have 1 US dollar in its reserves for every Tether (USDT) cryptocurrency in circulation.
Users can transfer their Tether (USDT) balances via the blockchain system and can store them in virtual wallets compatible with the ERC-20 blockchain system.
What are the Advantages of Tether (USDT)?
Tether (USDT) is a real money-backed cryptocurrency linked to the US dollar. Its price is fixed and there is a corresponding dollar value in the company's vault.
One of its main advantages is that it allows for the low-cost transfer of real currency. It was initially supported by the Omni Layer on the Bitcoin blockchain system, but due to Omni Layer's inability to meet requirements, a transition to the ERC-20 system has been initiated.
It offers the opportunity to trade in US dollars on cryptocurrency exchanges.
How is Tether (USDT) Mining Done?
Mining for the Tether (USDT) cryptocurrency cannot be done. Each Tether is issued by the Tether company at a rate of 1 dollar per Tether.
How Can You Buy Tether (USDT)?
In Turkey, buying Tether (USDT) with Turkish Lira is, contrary to popular belief, a very easy and quick process. You can buy Tether (USDT) without needing any technical knowledge. You can easily buy Tether (USDT) in three steps from our purchase page.