What is USDT?

_{What is USDtd?}

USDT, or Tether, is a type of stablecoin in the form of a cryptocurrency.
It is designed to keep the price in line with the US dollar in a 1:1 ratio.
It is used as a tool to transfer real money between participants in the digital world.
Issued by Hong Kong-based Tether Limited
And it is intended to present the stability of traditional currencies.
Along with the convenience of cryptocurrency
USDT is commonly used in the cryptocurrency exchange market and is an investment option during volatile markets.

_{Blockchain nativo:}

Tether Starts on Bitcoin's Blockchain, Built on Omni Layer
Later, when there is a higher demand for applications, as well as a need for greater speed and stability of transactions.
Tether has therefore expanded into other chains such as Ethereum, Tron, EOS, Algorand, among others.

_{Protokola Konsensus:}

Tether itself does not have a unique consensus system, but it will be based on whatever blockchain consensus system it is running on.

Trilemma (Security, Speed, Scalability):

Seguridad: USDT is more or less secure, depending on the blockchain in use.

snelheid: The transaction speed of Tether also depends on the speed of the respective blockchain. For example, if a user transfers Tether on ERC-20, it is usually faster than transferring on Omni Layer.

Scalabilità: As with the previous two factors, scaling depends on the same active chain, as well as different solutions on Ethereum's layer 2, also affect the use of Tether.

_{Founder/Date Founded:}

Tether was launched in July 2014, with Brock Peirce, Craig Sellars and Reeve Collins co-founded.
and used the name “Realcoin” before it was later changed to Tether and traded under the name USDT (USD-Tether).

_{Objective/Use Case:}

The main purpose of Tether is to be a link between fiat and cryptocurrency, each of which is a unit of USDT.
The assets will be backed in dollars at a 1:1 ratio, controlled by Tether Limited.
This is a process that helps create credibility and value for USDT in high-risk and volatile crypto markets.

_{Total supply/Limit or Unlimited:}

USDT does not have a maximum limit on the number of coins. The issuance of coins and the destruction of coins will depend on the demand and supply of the market.
And, in principle, it will also be based on reserves that are guaranteed assets.

_{Supply Deflation:}

Tether claims that USDT will be burned every time USDT is sold to fiat currency.
To be in line with Tether's 1-to-1 value retention policy
Therefore, it would translate that the volume of USDT would be reduced if it were resold to switch to fiat currency.

This summary helps beginners understand the basics of USDT and its distinctive features within the realm of digital assets.
Because digital assets are developing rapidly
It is therefore essential to keep abreast of the news regarding the development and updating of digital assets.

_Source:

Tether Whitepaper
tether.to/en/
Coinmarketcap

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