Tether: Prediction, price, operation and what you should know about this cryptocurrency

Tether: Prediction, price, operation and what you should know about this cryptocurrency – If you are looking for the best cryptocurrencies to invest in 2022, keep reading. We give you the characteristics, operation and everything you need to know about Tether. Let’s see.

And it is that cryptocurrencies are understood as a decentralized digital currency that does not have a single issuer. However, in the so-called crypto industry a new class of electronic currencies has appeared, called stablecoins or stablecoin , whose main characteristic is that they have a fixed value. One of them – and the most important – is Tether .

What is Tether and how does it work?

Tether (USDT) is a stablecoin cryptocurrency, which means that in theory it shouldn’t be subject to price fluctuations. This stablecoin belongs to the company Tether Limited, is issued on the Bitcoin blockchain and is based on the United States dollar (USD).

It works on the Omni protocol, which runs embedded in the blockchain on Ethereum , Bitcoin , EOS, TRON, and Liqudity Network. It allows users to carry out transactions, as well as store links and other assets.

Tether tokens are not in limited supply like other cryptocurrencies, so they cannot be mined. It must always be backed by reserves in fiat currency (euros or dollars).

Tether Quote

The price in each of this token corresponds to that of a dollar, that is, it has an equivalence of 1: 1. Thanks to this, USDT can be easily exchanged for USD. This cryptocurrency is acquired on the Bitfinex platform, where a guaranteed offer of one dollar per token is maintained.

It is important to note that in some indicators such as CoinMarketCap for example, the price has slight fluctuations of cents. However, when the USDT / USD value varies on other platforms, users can always buy in that amount and then receive a dollar from Bitfinex.

How to invest in Tether?

Doing it is simple: you just have to deposit the amount of dollars you want in the bank account of the company Tether Limited and later this will credit the USDT tokens in your account. These funds will be activated so that you can use them like any cryptocurrency. When you want to exchange your tokens for dollars, you must deposit them in the accounts of Tether Limited. The company will destroy the tokens and send the fiat currency to your bank account.

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