Geliebte's Blog – August 2021 Archive (1)

What is Tether in simple words

Tether is a cryptocurrency that uses the bitcoin blockchain to conduct financial transactions and is pegged to fiat currencies such as the US dollar, euro and Japanese yen. For each currency, there is a token identical to its index, but with the "T" suffix: USDT, EURT, JPYT. The tokens are issued by Tether Limited, assuring that each of them is backed by a real reserve in the accounts - one million tokens in circulation are strictly equal to one million units of fiat currency in the…

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Added by geliebte on August 31, 2021 at 9:50am — No Comments