Tether is a blockchain-based cryptocurrency whose value is stated to be pegged to 1 US Dollar by its manufacturer, the Tether company. The cryptocurrency traded in the market with the USDT symbol is also known as USD Tether. It is in the stable money category due to its fixed value.
Tether (USDT) cryptocurrency operates on the blockchain connected to the ERC-20 protocol. Tether (USDT) cryptocurrency was launched in 2015 by Tether Limited.
Tether (USDT) is a stablecoin that is the virtual version of the US dollar. Its value is always stable at 1 USDT = $1. The company claims that for each Tether (USDT) cryptocurrency on the market, there is 1 US dollar in its vault.
Users can transfer their Tether (USDT) balances with the blockchain system and keep them in virtual wallets compatible with the ERC-20 blockchain system.
Tether (USDT) fiat-backed cryptocurrency is tied to the US dollar. Its price is fixed and in return, there is a dollar equivalent in the company's safe.
The ability to transfer real currency at low costs is one of its most important advantages. It was supported by the Omni Layer, which is the separation in the Bitcoin blockchain system, but when the Omni Layer blockchain network could not meet the demand, the transition to the ERC-20 system started.
Cryptocurrency exchanges offer the opportunity to trade in dollars.
Tether (USDT) cryptocurrency cannot be mined. It is released by the Tether company for 1 dollar for each Tether.
In Turkey, buying Tether (USDT) with Turkish Lira is a very easy and fast process, contrary to popular belief. You can buy Tether (USDT) without the need for any technical knowledge. You can easily buy Tether (USDT) in three steps from our Buy Tether (USDT) page.
