Information
Tether is a cryptocurrency token issued by Tether. Limited, which claims that its value is partially is backed by reserves of US dollars stored in its bank accounts accounts. The main idea of ??the developers of this token is providing cryptocurrency market participants with the opportunity use a stable digital asset ("stablecoin"), rate which is tied to the US dollar exchange rate and does not experience such strong fluctuations, like the rates of other cryptocurrencies.
The token was released in 2015 by Tether Limited. Soon in rumors have appeared in the cryptocurrency community that this company is associated with the Bitfinex crypto exchange, which was the first to integrate this token into its own wallets.
You can track USDT token transactions at https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7
There is also a USDT option that runs on the Omni Layer platform (listed on the exchange under symbol USDT).
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