Tether(USDT) is a cryptocurrency stable coin that can be purchased on many popular exchanges kriptomat. Tether limited company introduced Tether in 2014 which is owned by the Hong Kong-based company InFines Inc. It is backed by an equal amount o f Us dollars held in reserve,allowing to provide stability in the volatile cryptocurrency market.
Tether can be exchanged for a variety of goods at different vendors or used exchange a different currency. It is commonly known used for trading, providing liquidity, and , and as a means of transfering vale without the volatility associated with other cryptocurrency.
Cryptocurreny like Bitcoin, Ethereum is decentralize but Tether is not considered decentralized . It is issued and controlled by a centralize company. Due to its centralization it offer advantages such as stability, Regularity compliance, user support and ease of use. But it has potential risks to user privacy and reliance on a single point.
What is stable coin?
Stable coin are type of cryptocurrency desined to maintain astable value, typically by pegging their price to a reserve asset.
Is Tether different from bitcoin and Ethereum?
Tether is stable coin which maintains stable values but bitcoin and Ethereum are not pegged to any asset. Three of them have different purposes so they are used by different prospective.
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