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Tether (USDT)

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Description

What is Tether Crypto Currency? Tether (USDT) is a cryptocurrency designed to provide an easy-to-use, secure, and affordable way of transferring funds across borders. It was first released in July 2014 by a company called Tether Limited. The main idea behind Tether was to create a cryptocurrency that could be used by everyday people for everyday payments. Tether tokens can be used for payments, transfers, remittances, and more. They are backed by actual US dollars, meaning that each token is equal to a dollar in value. Who founded it? Tether Limited was founded by Reeve Collins and Brock Pierce. They created the project to bridge the gap between fiat and digital currencies. They have been supported by a number of well-known venture capital firms such as Digital Currency Group, Bitfinex, and Pantera Capital. What Makes It Unique? Tether is similar to Bitcoin in the sense that it is a blockchain-based cryptocurrency. However, what makes Tether different is the fact that it is a stablecoin. That means that each Tether token is backed by a corresponding amount of US dollars held in reserve by Tether Limited. This makes Tether perfect for traders who need to hold onto funds while they wait for the right time to buy or sell. Where Is It Used? Tether is used by traders, investors, merchants, and individuals as a way of securely transferring funds and making purchases. It is also becoming increasingly popular among online gaming and online video streaming services due to its low transaction costs and speed. Where To Buy/Sell It? Tether can be bought and sold on a variety of exchanges such as Binance, Bitfinex, Kraken, and Poloniex. It can also be purchased directly from Tether Limited's official website. Tether is quickly becoming one of the most popular cryptocurrencies out there. It offers an easy way to transfer funds and make purchases, and its low transaction costs and speed make it perfect for traders. As its popularity continues to grow, Tether will likely become an even more important part of the cryptocurrency market.