Tether OMNI (USDT)
Tether OMNI statistic
What Is Tether Crypto?
USDT is a cryptocurrency developed with the help of the Omni Layer protocol in its creation. Each Tether coin is backed by the U.S. dollar. So, the number of cryptocurrency units issued corresponds to the dollar stock held by Tether Limited.
Tether Coin History
Tether coin history started in 2014. Its developers created an innovative platform, which was eagerly awaited by many users and traders around the world.
Initially, the coin was called Realcoin. It was a common cryptocurrency that could not compete with popular altcoins at the time. However, during the rebranding process, it changed not only its name but also its underlying technology.
In the middle of 2019, Binance announced that it is switching from Omni to ERC-20 for stablecoin Tether wallet client addresses.
Features Of Tether
Tether is based on strict adherence to international standards. The company operates in all states where digital assets are regulated. Due diligence of clients, record keeping and adherence to all established procedures allow for the comfort of partners. The company carries out systematic professional audits, which also contributes to the safety of its users.
The use of blockchain technology ensures maximum reliability and transparency of money transfers. Real currency equivalents can be exchanged for cash at any time. The distinctive features of cryptocurrencies are anonymity and decentralization. Decentralization means that neither state bodies, nor individuals can control the movement and issue of cryptocurrencies.
Where Can I Buy Tether USDT? Tether Coin Wallet
The company has also developed the most user-friendly Tether coin wallet for phones and browsers. With these tools, users can store, send, and get digital assets.
In the system, it is possible to send and get payments to other web wallets of the project, as well as to Bitcoin wallets, which support the company. Customers can replenish the wallet and withdraw funds via bank transfer in USD. Cryptocurrency can be exchanged at various services, such as StealthEX. With this exchange, the process of the Tether coin buy can be made instantly, choosing the most attractive rate.
Pros Of Tether
The Tether coin has the following advantages:
- Tether does not present any difficulty to use, with all transactions taking place in a cryptographically secure environment.
- Tether takes a simple but most efficient approach to transactions.
- USDT integrates easily with different kinds of wallets, companies, etc.
- The cryptocurrency is characterized by decentralized exchange, accountability and transparency.
- It can be used by both individuals and companies.
Companies working with Tether have the opportunity to focus directly on business, rather than on thinking of how to buy USDT and make payments. It allows them to indicate the price of goods in dollars. So, there is no need to convert Bitcoin into real currency, and users can avoid the processes and fees associated with it.
Tether Coin Prediction
From 2017 to 2020, USDT's share of the cryptocurrency trading market rose 5% to 70%. Many analysts believe Tether's dominance in trading will continue over the next few years. Only regulatory intervention can change the situation, after which investors will prefer another stablecoin. Other cryptocurrencies will be able to compete with it only in the DeFi sector.
The growth of USDT capitalization is provided by the additional issue of the coin. Only in August 2020, the company created more than 3 billion USDT. If the trend continues in 2021, Tether can become the second-largest coin by capitalization, displacing Ethereum from that place.
After all, the Tether cryptocurrency is a virtual asset that is pegged to a real currency. Maintaining stable quotes and other benefits provided by Tether makes it a reliable option for individuals and companies alike. Since stablecoins have become the answer to the volatility and unpredictability of the crypto market, the number of people learning about what is USDT is increasing regularly.
How To Buy Tether Cryptocurrency?
If you are looking for where to buy Tether coin, we will show you how to buy USDT cryptocurrency for another crypto using the StealthEX exchange platform. It’s a super-friendly, non-custodial and limitless cryptocurrency exchange platform. So if you already have savings in crypto and wish to invest in USDT coin, just go to StealthEX and follow these easy steps:
- Choose the pair and the amount for your exchange. For example ETH to USDT.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your USDT coins.