USDT was published by a company called Tether in 2015. Tethers is a legal digital currency. All the Tethers are first issued in the form of tokens on the Bitcoin blockchain through Omni Layer agreement. Every Tether issued and circulated is linked to dollars. The corresponding dollar total volume was stored in Hong Kong Tether Limited company(that is, one Tether coin is one dollar). By virtue of Tether Limited service terms, the holder can redeem or exchange the legal currency with the same value of Tethers. Tether price is always related to legal currency price. The linked and issued currency storage is always over or equal to the currency volume in circulation. At the aspect of technology, Tether continues to correspond with bitcoin blockchain feature.
Tether changed cash into digital currency, anchoring to be linked to the price of US dollar, euro and yen and other country currencies.
2.100% support from the crowds
In our foreign exchange reserves, traditional currency always supports every currency at the price of 1:1. So one dollar is always equal to one dollar.
Our foreign exchange reserves are announced every day and was under professional audit frequently. Everything in circulation is always matched with our reserves.
Tether platform is built on the base of blockchain technology and use safety and transparency they offered.
Tether is the widest legal digital currency. Tether is used in Bitfinex, shapUNK, GoCoin and other exchanges.
Tether blockchain technology conforms with international compliance standards and regulations. At the same time, it offers world-class security guarantee.
Tether price to USD hit 1.06 USD on Dec 13, 2017. Later, the price was always keeping stability slowly.