Tether  USDT Price & Markets

About Tether (USDT)

Tether (USDT) is a crypto-asset that was designed to provide stability to the cryptocurrency market. It is a stablecoin, meaning it is pegged to an underlying asset such as the U.S Dollar, and its value will always remain close to the value of that asset. Developed by Hong Kong-based Tether Limited in 2015, this coin was created with one primary purpose - creating stability in an otherwise volatile crypto trading market.

Simply put, Tether acts like digital cash or liquidity reserve that traders can use for their transactions on exchanges when they need immediate access to funds without converting their digital assets into fiat currencies like US dollars or euros. This allows traders to hold onto their digital assets and avoid times of extreme volatility, which often results in losses due to a lack of liquidity during those times.

So how does it work? Every USDT coin is backed 1:1 by real-world currency held in reserves at Tether Limited’s banking partner - Deltec Bank & Trust Ltd., located in The Bahamas; full transparency is provided on all banking transactions at any time through the company’s website.

By holding only real-world money as backing for each tether issued, they guarantee full redeemability and security for both individual users and exchanges alike, making it one of the most reliable forms of digitally stored wealth available today.

In conclusion, not only does USDT bring much-needed stability into a highly volatile cryptocurrency market but also offers tremendous benefits such as low transaction fees with high speeds coupled with unbeatable security features - making it one of the most sought-after cryptocurrencies currently available right now