Tether (USDT)

Official website: https://tether.to/

What is Tether?

USDT is a stablecoin, which is a stable-value cryptocurrency. Stablecoins are usually pegged to major fiat currencies sich as USD or EUR. USDT is a stablecoin that mirrors the price of the U.S. dollar, USDT is issued by a Hong Kong-based company called Tether. USDT’s peg to the USD is accomplished by maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation.

It was initially launched in 2014 under the name Realcoin. This was a second-layer cryptocurrency token that was built on top of Bitcoin’s blockchain. They done this using the Omni platform, it was later renamed to USTether, where it was then subsequently renamed to USDT, as it is now. In addition to the Bitcoin blockchain, USDT was later adapted to work on the Ethereum, EOS, Tron, Algorand, SLP and OMG blockchains.

The specified intention that USDT originally set out to achieve was to merge the unrestricted nature of cryptocurrencies, which can be sent among users without a trusted third-party mediator, with the stable value of the US dollar.

Team

USDT, was launched in 2014, when it was known as Realcoin, by Brock Pierce, Reeve Collins and Craig Sellars.

Brock Pierce is a notable business visionary who has helped to establish various prominent ventures in the crypto and media industries. In 2013, he helped to establish an investment firm Blockchain Capital, which by 2017 had brought over $80 million up in financing. In 2014, Pierce became the head of the Bitcoin Foundation, a not-for-profit set up to help improve and advance Bitcoin. Pierce has likewise helped to establish Block.one, the organization behind EOS, one of the biggest cryptographic forms of money available.

Reeve Collins was the CEO of Tether for the initial two years of its operations. Preceding that, he had helped to establish a few fruitful organizations, for example, the online promotion network Traffic Marketplace, entertainment studio RedLever and betting site Pala Interactive. As of 2020, Collins is leading  SmarMedia Technologies, a showcasing and marketing tech organization. 

Other than his work at Tether, Craig Sellars has been a supporter of the Omni Foundation for more than six years. The Omni Protocol that they developed permits users to build and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has likewise worked in a few other cryptocurrency organizations and groups, for example, Bitfinex, Factom, Synereo and the MaidSafe Foundation.

Roadmap

2018
November- 
•    Tether reopens account verification and direct redemption of fiat from its platform
•    Tether Limited confirms that it has formed a banking affiliation with Deltec Bank & Trust Limited (“Deltec”), which is a 72-year-old financial institution located in the Commonwealth of The Bahamas
2019
July- 
•    Tether Confirms Receipt of Prepayment on Loan Facility From Bitfinex
September 
•    Tether Now Supports Offshore Chinese Yuan (CNH), Launches CNH₮ Stablecoin
2020
January
•    Tether Gold (XAU₮) Launch Meets Growing Demand for Digital Exposure to World’s Most Enduring Asset
September
•    Tether (USDT) launches on Solana 

Where to Store Tether (USDT)

Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Tether making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.  

Leading hardware wallet providers such as Ledger are integrated with Tether and USDT wallets will come as standard on their devices.   

You can store your Tether in Exodus along with various other cryptocurrencies. Exodus is free and easy to use and can be downloaded to either a desktop or mobile device. Exodus will then be tied to whichever device it has been downloaded to which will also be the device you will use to access and manage your crypto assets. 

Where to Buy and Sell Tether (USDT) 

You can Buy & Sell Tether (USDT) by heading over to the Buy Coins page of our website. Tether (USDT) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Tether has never been easier, simply place your order and provide your wallet address.  

Once your payment arrives Tether will be sent directly to your wallet. If you choose to Sell Tether (USDT) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.


Tether (USDT) Resources

Website: https://tether.to/
Block Explorer: https://etherscan.io/
Twitter: https://twitter.com/Tether_to/


 

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