Tether (USDT) is a cryptocurrency capital that is issued on the Bitcoin blockchain via the Omni Layer protocol. Each USDT unit is hedged 1: 1 by a US dollar or Euro, which is held in the reserves of Tether Limited and can be redeemed via the Tether Platform. The status of these reserves is published daily on the website.
USDT can be transferred, stored, issued, just like bitcoins or any other cryptocurrency.
The amount of USDT that is in circulation can be consulted and checked on the Tether Proof or Reserves system.In other words, you can carry out USD or EURO transactions on the blockchain via the Tether network, but without the intervention of banks or other financial institutions. In addition, Tether offers a stable alternative when the other rates are volatile.
Tether uses the Omni Layer for exchanging assets.There are rumors that Tether has committed fraud and that the reserves do not correspond to the USDT in circulation. These rumors are then countered and they would have been launched by the banking system to reduce the cryptocurrency rates and sow unrest on the market.This will certainly be continued.
Visualisation Tether against world fiat currencies.