Skip to main content

Tether (cryptocurrency)

The most liquid, stable, and trusted stable coin. Launched in 2014 by a group of Bitcoin enthusiasts and early adopters, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies digitally.

Tether is a token backed by actual assets, including USD and Euros. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real-world currency, Tether provides protection from the volatility of cryptocurrencies.

Tether enables businesses — including exchanges, wallets, payment processors, financial services, and ATMs — to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives.
Tether’s platform is built to be fully transparent at all times.

Tether created the first ‘stablecoin,’ the Tether token (USD₮), which is now one of the most traded tokens in terms of volume and has unparalleled liquidity in the cryptocurrency space. The technology and growth of Tether tokens have, in turn, launched an entirely new industry which central banks and governments are now developing.

Tether works to disrupt the conventional financial system through a more modern approach to money. It has made headway by giving customers the ability to transact with traditional currencies using blockchains as transport layers, without the volatility and complexity typically associated with a digital currency.

As the first blockchain-enabled platform to facilitate the digital use of traditional currencies a familiar, stable accounting unit. Tether has created a revolutionary building block that companies worldwide can use to offer democratized cross-border financial services.

The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.

The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. A qualified professional should be consulted prior to making financial decisions. 

Article source: https://tether.to/

Related topics 

WHAT IS ETHEREUM?

What is a cryptocurrency?

What is Blockchain Technology?


Labels:

Comments

Post a Comment

Popular posts from this blog

WHAT IS ETHEREUM?

  Ethereum is open access to digital money and data-friendly services for everyone — no matter your background or location. It’s a community-built technology behind the   cryptocurrency   ether (ETH) and thousands of applications you can use today. Banking for everyone : Not everyone has access to financial services. But all you need to access Ethereum and its lending, borrowing, and savings products is an internet connection. A more private internet:  You don’t need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance. A peer-t o -peer network:  Ethereum allows you to move money, or make agreements, directly with someone else. You don’t need to go through intermediary companies. Censorship-resistant:  No government or company has control over Ethereum. This decentralization makes it nearly impossible for anyone to stop you from receiving payments or using services on Ethereum. Commerc...
Post a Comment
Read more

What Makes a Blockchain Suitable for Business?

  Instead of having a   blockchain   that relies on the exchange of   cryptocurrencies   with anonymous users on a public network (as is the case with   bitcoin ), a   blockchain   for business is a private, permissioned network with known identities and without the need for   cryptocurrencies . To further understand how a  blockchain  for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of  blockchain  for business These four concepts are explained in this section. Shared ledger they’ve been used i n  double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditio...
Post a Comment
Read more

Newcastle United F.C. Leicester City F.C. Premier League • EFL

  Newcastle United F.C. is a professional football club based in Newcastle upon Tyne, England. The club currently competes in the Premier League, the top division of English football. Newcastle United has a long and successful history, having won four top-flight English league titles and six FA Cups. Leicester City F.C. is a professional football club based in Leicester, England. The club currently competes in the Premier League and has a strong history of success, having won the top-flight English league title in the 2015-2016 season and the EFL Cup in the 1997-1998 season. The Premier League is the top division of English football and is widely regarded as one of the best football leagues in the world. It is made up of 20 clubs and is contested annually, with the winner being crowned the champion. The EFL (English Football League) is the governing body for professional football in England. It is made up of 72 clubs, which are divided into three divisions: the Championship, League...
Post a Comment
Read more