Fonetekno.com – Hello Fone relatives around the world, back again with the admin here with an interesting information, namely An Explanation About Tether (USDT) Crypto Currency and Its Latest Prices which of course you are waiting for the latest price update.
Cryptocurrencies are now available with various names and prices, therefore all of you as crypto business people are obliged to know one by one the names and prices of these cryptocurrencies, and this review will fulfill all of them.
With so many cryptocurrencies spread all over the world, there is one crypto currency which, according to the admin, is very stable and can be said to attract the attention of people who know the uniqueness of this cryptocurrency.
If you are someone who is really looking for a crypto currency that is stable and has its own characteristics, then you are in the right place, want to know what the uniqueness of Tether (USDT) this? Read more below.
What is Tether and what is the latest price?
Tether (USDT) is a digital currency with a value that reflects the value of the US dollar. Launched in 2014, the idea behind Tether is to create a stable cryptocurrency that can be used like digital dollars, or “stablecoins.” Tether is anchored, or “tethered”, to the US dollar price.
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While Tether originally used the Bitcoin Omni Layer network as its transport protocol, Tether is now available as an ERC20 token on Ethereum. In total, Tether is issued on the Bitcoin (both Omni and Liquid Protocol) blockchains, Ethereum, EOS, and Tron.
The tether token is issued by Tether Limited, which shares CEO with crypto exchange Bitfinex. Tether previously claimed that Tether’s currency was 100% backed by Tether reserves, but after Tether’s attorneys noted in 2019 that there was only 74% of Tether’s backing, or a small fraction of its reserves, Tether noted that this definition of total backing includes loans to corporate affiliates.
Tether price today is IDR 14,623.68 IDR with a 24-hour trading volume of IDR 728,016,279.561,396 IDR. Tether is up 0.03 in the last 24 hours. With a market cap of IDR 1,071,551,409,470,230 IDR.
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What Is Tether Used For?
Tether is used as a way to hedge against the volatility of the crypto market due to its stability. Since each USDT token is pegged to a dollar, keeping money in Tether protects it from the usual volatility of the cryptocurrency market. Most Bitcoin trading is done with Tether for this reason, as it can be both a fiat on and off-ramp for crypto trading.
That’s a brief explanation of the title above, hopefully this information can be useful.
The final word
That’s the information that the admin can convey on this occasion regarding the title above, hopefully this information can be useful and useful for many people, until we meet again in another interesting discussion.
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