Tether is a Bitcoin blockchain-based cryptocurrency built to complement the Omni Layer Bitcoin platform. This is the digital equivalent of fiat-traditional-money, secured at a 1:1 ratio to the US dollar and euro and valid for use as Bitcoin. This currency has an emission in an amount equal to the amount credited to the bank account of Tether Limited.
Tether features
A distinctive feature of Tether is the ability to use fiat currencies under cryptocurrency protection providing anonymity of transactions and high speed. Cryptocurrency support is provided by a bank trust in Taiwan, China. Tether can keep US dollars and euros with their designation in the form of USDT and EURT. Users can keep, send and receive money in Tether as well as send and receive payments to Tether and Bitcoin wallets. Wallet replenishment and funds withdrawal are available via bank transfer in US dollars. Tether exchange is possible through various services. The commission is equal to 1 USDT or 1 EURT depending on the currency on which the transaction is made. Commission is not charged for withdrawal.
Tether features
1. Stability of quotations on stock exchanges as a bank trust is used.
2. Security. Currency protected by cryptography.
3. Equally accessible for both individuals and legal entities.
4. Decentralization, openness.
