Let's get to know Tether ✨

Let's get to know Tether ✨

🔸What is Tether?

Tether is a fixed-value cryptocurrency. And it is also a digital currency that can reflect the price of the US dollar. This means that the amount of USD and Tether will be equal, and Realcoin (later renamed USDT) is an Omni-based token built on the Bitcoin Blockchain. Ethereum, EOS, Tron, Algorand and OmiseGo

🔸Blockchain

USDT does not have its own Blockchain, but USDT chooses to use Blockchain that has two to take care of security.

🔸So what's the purpose of Tether?

Tether was created to maintain value between Fiat and Cryptocurrency currencies. reduces volatility It is the standard of cryptocurrencies. As Tether is stable and is set to be equal to the US dollar, Tether has become a medium between fiat currency and cryptocurrencies.

🔸 So what are the risks?

1) Because Tether is fixed and is set to be equal to the US dollar. As a result, when the US dollar changes, the value of Tether will also change.

2) Reliability to check Even if checked by a law firm But the truth is that the audit company must go and check according to the methodology. So many people are still questioning the trust of Tether.

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