Ano ang Tether? (USDT)

The Beginner’s Guide

The creator of the first and most widely used stablecoin, Tether Limited is a company operating a platform that issues blockchain-based assets linked to the price of government monies. 

Today, Tether supports four stablecoins: the U.S. dollar (USDT), the Chinese Yuan (CNHT) and the Euro (EURT), as well as a stablecoin backed by 1 oz. of gold (XAUT). 

First launching with USDT in 2014, the company’s idea was to make government monies more compatible with newer crypto assets, which traded 24/7 on an active global market. 

Each USDT token is redeemable for a corresponding U.S. dollar held under custody by Tether Limited. The total value of all USDT is said to be equal to the reserves held by the firm.

Once a USDT is newly minted and issued, it can be transferred, stored and spent by a variety of businesses (exchanges, wallets, financial services) and individual traders looking to avoid the sometimes extreme volatility of the cryptocurrency markets.

Today, stablecoins are an emerging class of crypto assets that are beginning to find use cases beyond the world of trading, including in sectors like traditional cross-border payments

As of 2020, USDT remains the largest and most widely used stablecoin. 

However, the concept has been embraced by the world’s largest companies. For example, Facebook announced in 2019 that it was seeking to launch its own stablecoin, named Libra. 

What is tether usdt

Who created Tether?

The origins of Tether date back to the early 2010s, when technologists first began to theorize that Bitcoins might be modified so they could represent new kinds of assets. 

As it so happened, two groups began to work on the idea that the Bitcoin blockchain could be a platform used for issuing fiat currencies – a startup called Realcoin and the cryptocurrency exchange Bitfinex.
Eventually, the two projects would merge efforts, resulting in the formation of Tether Limited. 

Today, the company allows users to store and transfer Tether currencies and helps integrate Tether assets for trading on major exchanges like Kraken.

Paano gumagana ang Tether?

Tether Limited accepts fiat deposits and withdrawals on behalf of clients, and is responsible for minting and destroying Tether tokens in accordance with reserves they administer. 

Tether on Bitcoin

Tether was originally launched and issued on the Bitcoin blockchain via the Omni Layer protocol, a platform used for creating and trading digital assets on top of Bitcoin. 

This technology enables the minting and burning of Tether tokens based on the amount under custody. The circulation of Tethers can also be tracked and reported via the protocol. 

Tether’s ledger is stored on the Bitcoin blockchain thanks to Omni, and the Omni Explorer allows users to view their verified transactions there. As of 2020, Tethers are also available as assets on Liquid, a Bitcoin sidechain. 

Tether on Other Blockchains 

Tether is now available on other blockchains, including Ethereum (ETH), Tron (TRX) and EOSIO (EOS), which allow for the creation of new assets natively on their blockchains. 

To date, the largest market for USDT is on Ethereum. 

Bakit may value ang Tether?

Mahalaga ang mga Stablecoins dahil nagbibigay sila sa mga trader ng malakas na gamit upang maiwasan ang matinding pag-iba-iba ng mga cryptocurrency market. 

Halimbawa, kapag inilipat ang halaga sa USDT, maaaring mabawasan ng mga trader ang peligro ng pagkakalantad sa biglaang pagbaba ng presyo ng mga cryptocurrency. Nakakatanggal din ng mga gastos sa transaksyon at mga antala na nakakasira sa pagpapatupad ng trade sa loob ng crypto market ang pagkakaroon ng USDT (sa halip na U.S. dolyar). 

Nakita din ng mga palitan ang Tether bilang isang malakas na instrumento na nagbibigay sa kanila ng paraan upang madagdagan ang mga trading pairs nila habang tumutulong na mapadali ang aktibidad sa mga heograpiya kung saan hindi nagagamit ang fiat trading.

Gayunpaman, dapat tandaan ng mga trader na ang halaga ng Tether paminsan-minsan ay biglaang tumataas o bumababa sa nais nitong peg.Halimbawa, may mga panahong ang presyo ay naapektuhan ng kumpiyansa kung ang Tether ay buo ba talagang nasusuportahan ng mga asset na nasa kustodiya sa Tether Limited.

Dagdag dito, nanaisin ng mga trader na malamang kakailanganin nilang kumpletuhin ang mga know-your-customer requirement na ipinatupad ng Tether Limited upang mag-isyu at makakuha ang mga asset ng Tether. 

Simulan ang pagbili ng Tether

Ngayon ay handa ka nang gawin ang susunod na hakbang at bumili ng USDT!