1. What is USDT
USDT is a token Tether USD (USDT) based on a stable value currency (USD) introduced by Tether. USD1 is US$1, and users can use USDT and USD to exchange 1:1 at any time. Tether strictly adheres to the 1:1 reserve guarantee, that is, for every USDT token issued, its bank account will have a US$1 capital guarantee. Users can search for funds on the Tether platform to ensure transparency. Users can use SWIFT to wire U.S. dollars to a bank account provided by Tether, or exchange for USDT. When you redeem the dollar, you can reverse it. Users can also trade USDCB for bitcoin at the exchange.
USDT is a digital asset based on the Omni Layer protocol released on the Bitcoin blockchain. The biggest feature of USDT is that it is equivalent to the same amount of dollars. The USDT was designed as a replica of the legal currency on the digital network, making it a good hedge in the cryptocurrency market.
2. Features
Intuitive: USDT is equivalent to USD, 1USDT=1 USD. For each currency = how much USDT, it is equivalent to how much it's unit price is.
Stability: Because TEDA currency is supported by the currency, users can still trade in the blockchain asset market without being affected by the price fluctuations of most blockchain assets.Transparency: Tether’s publishing company Tether claimed that its legal currency deposit account has been regularly audited to ensure that each TEDA currency circulated in the market has a corresponding dollar support. The status of the storage account is public and can be found at any time. In addition, all TEDA currency transaction records will be published on the public chain.
Small Transaction Fees: Fees are not charged for transactions between Tether accounts or in wallets where TEDA coins are stored. A transaction service fee is required to convert TEDA currency into fiat currency.
3 Commonly Used Links
Official Website: https://tether.to/
Block Query: https://www.omniexplorer.info/