What is USDT (USDT)?

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.

What is Tether (USDT)?

Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains ( Source ).

How do I buy USDT?

How Do I Buy USDT? Tether tokens can be bought and sold on cryptocurrency exchanges including Binance, CoinSpot, Bitfinex, and Kraken. Is Tether a Stablecoin?

Is USDT a stablecoin?

When the price of a specific coin remains stable (because it’s paired with USDT), investors can then use that coin pair as a more reliable medium of exchange and method of value storage, instead of just a speculative investment (whose price may go up or down at any moment). In addition to being a stablecoin, USDT is also fiat-collateralized.