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Tether stablecoin

Tether (USDT)

Official Website

Type : Fiat Collateralized
Reliability : Average
Ease of use : Easy
Blockchain : Bitcoin,  Ethereum

 

WHAT IS TETHER (USDT)

 

Tether USDT was the first stablecoin, introduced in October 2014. Then named Realcoin, it was rebranded as Tether on November 2014.

Tether tokens were originally issued only on the Bitcoin blockchain, using Omni protocol. As of September 2017 additional Ethereum ERC-20 tokens, representing Tether were issued as well. There are also Tethers pegged to the Euro (EURT) but they are not used.

Without having any notable competition up to the spring of 2018, Tether has de-facto become the digital representation of USD on the vast majority of exchanges. From January 2017 to September 2018 the amount of Tethers outstanding grew from about $10 million to about $2.8 billion. In early 2018 Tether accounted for about 10% of the trading volume of bitcoin, but during the summer of 2018 it accounted for up to 80% of bitcoin volume.

Tether is a very controversial project, there is no shortage of information about it online.

Here are some of the main points of why this is so:

Plenty of evidence that Tether and one of the largest crypto exchanges Bitfinex, are run by the same people, but constant denial from both sides.

No legal accountability

No verifiable audit.Promises, but the inability to provide one for a very long time

Constant allegations of printing Tethers out of thin air

Constant allegations of Bitcoin price manipulation through Bitfinex

The inability for both Bitfinex and Tether to hold on to a solid banking partner, having to settle with small offshore banks for their operations

Claims against the company of no publicly verifiable instances of a purchase or redemption of Tethers as of August 2018, despite an astronomical increase of the amount of Tethers outstanding in 1.5 years (from $10 million to $2.8 billion)  

HOW TO GET

*for detailed information about getting stablecoins, visit general guides page

 

Tether is available on most of the major exchanges

Buy with fiat at :

Changelly
Kraken
Bittrex

Buy with crypto at:

Binance
Bibox
Kucoin
Huobi

HOW TO STORE

*for detailed information about storing stablecoins, visit general guides page

 

Software wallets :

coinpayments wallet – Android, IOS
multiwallet by freewallet – Android, IOS, Web
satowallet exchange – Android, IOS, Web, Windows
Coinspot – Web
Tether Wallet – Web     

           

Hardware wallets:

Trezor – only ERC-20 Tethers
Ledger – only ERIC-20 Tethers
KeepKey – only ERIC-20 Tethers

HOW TO SPEND

*for detailed information about getting stablecoins, visit general guides page

 

You can find a directory of stores accepting Tether here:

https://www.coinpayments.net/store-directory-coin-USDT