What is Tether (USDT)?
Tether (USDT) is an unregulated cryptocurrency which is on the Bitcoin blockchain through Omni Layer Protocol. The Tether is backed by one United States dollar (USD) held by the issuing company which is called Tether Ltd. The Tether has ranked 15th highest market cap cryptocurrency in the world. The market cap value around $2 billion United States dollars as of February 5, 2018.
Tether (USDT): History
The tether was founded in November 2015 by a Chinese company named Tether Limited. The tether is incorporated in Hong Kong with offices in the United States.Tether is also linked with Bitfinex, which is ranked as the third largest cryptocurrency exchange (by volume) in the world. By looking until May 2017 there are over 55 million Tethers (USDT) were in circulation and $20-40 million worth of transactions is taking place per day. It also planned to support more national currencies as well.
How Does Tether (USDT) Work?
The working of Tether is very simple. The people who are going to use Tether needs to submit fiat currency to Tether limited and then create the ethers and credits the Tether wallet of the user with equal USD Tether. To transact with Tethers the user needs to follow some steps which are like Bitcoin procedure where the candidate can send and receive Tethers from other users of this wallet. The user needs to submit the receiver’s wallet address and the amount of Tethers to be transferred. The transaction will be done through peer to peer, pseudo anonymous, open source Bitcoin-based platform.
How to Buy Tether (USDT)?
To buy Tether (USDT) is similar to other cryptocurrencies. Buying Tether is simple and also can be done quickly. The first and main thing to do is to create a digital wallet that supports USDT. The users can hold USDT in any hot wallet or exchange that offers the coin, including Binance, OKEx, Bittrex, Kraken, Poloniex, and ZB.com. The important crypto wallets for semi-hot storage which includes Holy Transaction and Omni wallet.
Tether (USDT) Price Prediction 2018
Tether price equal to 1.022 USD at 2018-02-09. If you buy Tether for 100 dollars today, you will get a total of 97.836 USDT. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 1.043 US Dollars. With a 5-year investment, the revenue is expected to be around +2.05%. Your current $100 investment may be up to $102.05 in 2022. Tether (USDT) price today is $1.02 and have the current supply of 2,217,140,814. The market cap value is $2,253,679,294 and the volume is marked as $2,534,290,000. Tether price prediction, Tether price forecast, Tether price and news, USDT price forecast, Tether price prediction 2018, What is the price of Tether 2018