WHAT IS USDT

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USDT is a cryptocurrency issued by Tether Limited. Each USDT token is backed by 1 US dollar. The price of USDT is therefore $1 at any time.


Tether [USDT] belongs to the category of cryptocurrencies referred to as ”Stablecoins”. This is because they serve the purpose of being a stable dollar substitute.


Tether converts cash into digital currency, this is done by converting the value of the coin to the price of fiat currencies like the USD, EUR, and the Japanese Yen.


Tether [USDT] is issued on the ETH, TRON, and OMNI blockchains. Asides from the popular token pegged to the US dollar, Tether limited has launched other tokens pegged to other fiat currencies such as the Euros, Pesa, and so on.


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