The Tether cryptocurrency, also known as USDT, is one of the first and most popular stablecoins.
The main idea of the token is to maintain a stable exchange rate by linking 1:1 to the US dollar. This will then benefit from the liquidity and reliability of cryptocurrency from the transfer of fiat. USDT is called a digital dollar, which is ideal for trading and DeFi.
Advantages of Tether
✅ Universal payment collection
Low commissions and high liquidity can be used to transfer USDT manually for international transactions, so that this cryptocurrency can be easily used for transfers between countries without the participation of banks. In addition, the currency is accepted by most crypto exchanges and payment systems.
✅ Growing reputation in the international market
USDT is ideal for investors from countries that fear inflation or currency exchange, and Tether’s position as a global currency is steadily changing.
For example, the company recently signed a Memorandum of Understanding with Guinea to promote blockchain solutions in the field of digital transformation. Such initiatives may enhance Tether’s position as a global leader in the crypto sector, as well as in digital development projects in the country.
Tether has already reached its limit in the face of market turmoil – as can be seen in the case of Luna/UST, this was a fatality.
✅ Insight and reserve
The company regularly publishes information about the reserves that ensure the issuance of USDT, and conducts independent audits - which creates additional confidence in the stability of the token. Reserves include cooking kosts, cooking equivalents and short-term US government securities.
✅Addition of regulatory rules
Tether is ready to strengthen American rules - its ability to adapt to new standards is ensured by the visibility of reserves and technological innovations.
In addition to this, Tether is developing the Hadron service, which allows the launch of new stablecoins subject to regulatory requirements (KYC/AML), providing technological tools for issuing partners in the EU and beyond.
To be fair, we can say that Tether is affecting the world’s key stablecoin. Due to the high level of reserves, visibility and ongoing regulatory adaptation, USDT will continue to play a central role in the cryptocurrency ecosystem and interaction with traditional finance.
News about Tether on Blockoria
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Service providers regularly conduct analytical reviews of USDT to predict changes in the exchange rate and other trends in the development of cryptocurrency.
We will be happy to launch Tether and other cryptocurrencies with you!