What is Tether (USDT) Coin

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

USD Tether (USDT) is a stablecoin anchored to the value of the US dollar. It was created in 2014 and originally issued on the Omni layer on top of the Bitcoin blockchain.
According to the company, every USDT is always fully backed by its reserves, which include traditional currency, cash equivalents and may also include other assets and receivables from loans made by Tether to third parties (including affiliated entities).
Tether’s offering targets blockchain firms, individuals & traders, and exchanges. USDT trades on most large cryptocurrency exchanges and has allowed traders to easily arbitrage prices across trading venues globally.
Owing to its large market cap (more than $8 billion), its support has been extended to multiple networks. As of February 2020, USDT runs on six different networks: Ethereum, Omni, Tron, EOS, Liquid, and Algorand.

How To Buy Tether (USDT) Coin

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Usdt coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Tether coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

How Much is a Tether (USDT) Coin

Tether (USDT) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

Where to Buy Tether (USDT) Coin

https://www.wheretobuycoin.com/where-to-buy-tether-usdt-coin/