Read this article to learn what Tether (USDT) is and how you can get it!
WHAT USDT stands for?
USDT Acronym Definition
United States Treasury Department
USDT (Tether) is the largest by volume stable value cryptocurrency asset, aka Stablecoin, designed to mirror the value of US Dollar.
TETHER (USDT) as DIGITAL DOLLAR ?
The idea was to create a stable non-fluctuating cryptocurrency that can be used like digital dollar. Therefore, each USDT unit is pegged and backed by one US Dollar.
Tether is the most popular stable coin and acts as a USD replacement practically on all global cryptocurrency exchanges. Current market details of USDT can be viewed here https://coinmarketcap.com/currencies/tether/
How does it work?
USDT circulates on 3 major blockchains, such as Bitcoin (Omni Layer protocol), Ethereum (ERC20 token) and Tron (TRC20 token).
Note that Ethereum’s version of USDT is the most popular and convenient to use.
USD reserves for USDT are held in Tether Limited company reserve balance and can be obtained through the Tether platform.
Thether (USDT) can be spent, traded, or transferred the same way like Bitcoins or any other cryptocurrency. You can store USDT in specialized wallets that are Omni compatible (I recommend Everex.cash) .
WHY DO YOU NEED TETHER (USDT)?
Did you know that USDT is used as digital dollar so you can now receive and send payments globally without using expensive and cumbersome banks or payment providers like Paypal or Western Union?!
With Everex wallet it costs nothing to send USDT to another person!
And it does not require recipient to also have Everex wallet. Any ERC20 token wallet can be used...
- - all global cross-border payments, except in the US are conducted in USDT. (US has it’s own digital dollar equivalent, USDC, which we will cover in the next installment)
- - USDT can be anonymous...
- - provides very fast (within a minute) payment settlement for global payments, allowing you to receive your purchased product faster.
How you can get Tether (USDT)?
Step 2. Register EXODUS Wallet.
Step 3. Transfer your Bitcoins to your EXODUS wallet.
Step 4. Use EXODUS exchange feature to exchange Bitcoins to USDT.
This is it! Now you have Tether (USDT) and you may simply store it in your wallet or use it to buy Evergold, for example.
How you can use USDT?
PROTECT YOUR WEALTH - INVEST IN PHYSICAL GOLD!
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Robert Kiyosaki: Market Crash is COMING!! How To Get Rich + Buy Gold and Silver
You will need to have USDT to buy EVG tokens - Evergold (EVEG) is the fastest way to buy and sell physical gold. Use EVERGOLD (EVG) to protect your wealth during recession time.