what is USDT(Tether) payment

USDT(Tether) is one of the powerful stablecoins launched in 2014.A USDT payment means transfer of tether. The USDT payment is allows, a lot of retailers use their tether coins to buy goods and services. USDT is a symbol of tether. Tether is blockchain platform its facilities flat currency in digital manner, The aim of USDT is reduce the volatile digital currency by pegging its value to the US Dollar on 1:1 basis.

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How does Tether work?

Tether (USDT) is a stable coin-a cryptocurrency created to give stable price points at all time Tether operates as an online digital currency, with each token having a value of $1 and being backed by $1 USD reserves.There are millions of blockchain users using the tether to buy trade, goods, transaction on different blockchain network.

At the moment, USDT supports the blockchain network, OMG network, Tron, Bitcoin, Ethereum, and Tron.
Tether user proof of reserves, which can be checked on their website, indicates that the tether values will be at least as high as the tether coins.

What Gives Tether (USDT) Value?

The function of USDT is to provide liquidity and protect against market volatility since, in theory, it neither appreciates nor devalues. Tether reserves are the only factor influencing the value of Tether (USDT). Tether will be worth $1 USD as long as it is backed 1:1.

How Many Tether (USDT) Coins Are in Circulation?

The total number of USDT (tether) tokens in circulation is 40,805,169,352. Depending on the current market value, this could be lower or higher.
USDT tokens can be traded or purchased on the secondary market.
Staking and yield cultivation are not supported by USDT.

Tether price history

The cost of Tether (USDT) experienced a plunge in mid-2017, arriving at an unequaled low of €0.80 in January 2018. After that encompassing Tether strategic policies, the worth of USDT gradually increased, coming to €0.9 in the spring of 2020, again collide around the €0.8 mark in 2021. Since this time, the price has recuperated and it maintaining floating around equaling to 1 USD.

How Is Tether (USDT) Secured?

USDT token can be issued on many cryptocurrencies like EOS, Tron, Bitcoin, algo Rand, blockchain network and OMG network. The nodes and miners that maintain networks utilizing proof-of-work or proof-of-stack are in charge of USDT security. The platform is audit regularly and ensure the codes up to date.