USDT (full name Tether USD), Chinese name is TEDA. It is a stable coin, issued by Tether, formerly known as Realcoin, registered in the Isle of Man and Hong Kong. The USDT was released in February 2015 and has been launched on Bitfinex and Poloniex.
USDT basic information:
Anchored currency: US dollar
Release date: 2014
Distribution company: Tether Limited
Market value: about $4.1 billion (as of 2019.9)
There are many types of USDTs released by Tether, two common ones:
This type of USDT token is based on the Bitninet network's Omni protocol. The receiving address is the same as the Bitcoin primary address. The transfer transaction requires Bitcoin to be used as a miner's fee.
Note: Do not use Bitcoin sub-addresses for USDT receipts.
[USDT based on Ethereum]
This type of USDT token is based on the Ethereum ERC-20 standard. The receiving address is the same as the Ethereum address. The transfer transaction requires the consumption of Ethereum as a miner.
USDT Personal Use Case
According to the white paper, USDT provides a solution for a wide range of individual investors. From day traders to long-term investors, want to store their bitcoins safely; people who want to send money more efficiently to the world; those who buy digital money in institutions of foreign financial services; so the USDT is good in numbers. Great use.
The main general applications are as follows:
Trading in USD/French currency, pseudo-anonymous, without any middleman/intermediary
Refrigerate the dollar by protecting your private key
Avoid the risk of depositing legal currency on the exchange and easily enter and exit the exchange
All in all, USDT, with the help of the Bitcoin blockchain, strives to provide users with price-stable monetary assets in a secure and transparent manner.
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