1. What is USDT?
The USDT is a Tether USD (USD) based on the stable value currency USD (USD), 1 USDT = 1 USD, users can use the USDT and USD for 1:1 exchange 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 $1 guarantee.
Users can check the funds on the Tether platform to ensure transparency. Users can wire the US dollar to the bank account provided by Tether through SWIFT, or exchange the USDT through the exchange. When redeeming the dollar, the reverse operation can be done. Users can also exchange USDT for bitcoin exchanged on the exchange.
The USDT is a digital asset based on the Omni Layer protocol released on the Bitcoin blockchain. The biggest feature of the USDT is that it is equivalent to the same amount of dollars. The USDT is designed as a replica of the French currency on the digital network, making it a good value-preserving token in the volatile cryptocurrency market.
Intuitive: USDT is equivalent to USD, 1USDT=1 USD. Each currency = how many USDT, which is equivalent to how much the unit price is.
Stable: Because TEDA is supported by legal currency, users can still trade on the blockchain asset market without being affected by price fluctuations in most blockchain assets.
Transparency: Tether, the issuing company of TEDA, claims that its currency storage accounts are regularly audited to ensure that each TEDA currency in the market has a corresponding dollar. The status of the stored account is public and can be queried at any time. In addition, all TEDA transaction records are posted on the public chain.
Small transaction fees: There is no charge for transactions between Tether accounts or between wallets with TEDA. A transaction fee is charged for the conversion of TEDA into legal tender.
3. Common links
Official website: https://tether.to/
Block query: https://www.omniexplorer.info/