usdtWhat currency is it ？usdtWhat are the characteristics of currency ？

six 、summary Virtual currency has developed to this day ，Tether usdtStill one of the most popular stablecoins on the market ，Meanwhile, it provides liquid support for transactions worth millions of dollars a day

usdtWhat currency is it ？usdtWhat are the characteristics of currency ？Among the numerous virtual currencies ，Tether （USDT）It is a common stablecoin ，Its value remains with the US dollar 1:1The ratio of 。Let's take a comprehensive look at it below usdt，See what's different about him 。

one 、usdtWhat currency is it ？

usdtTether 。It's a stablecoin 。Stable Coin ，As the name implies ，It is a cryptocurrency that maintains a stable exchange rate with a certain target 。In order to promote the application of cryptocurrency in daily life ，Currency stability is very important 。Only the currency value is stable ，Blockchain-based loans 、Financial derivatives 、Only applications such as prediction market can be realized 。It is precisely for this reason ，Stablecoins come into being 。

Want to keep the currency stable ，Need to meet the following characteristics ：1、Stable price ；2、Scalability ；3、Privacy protection ；4、Weak centralization 。The existing stablecoins are roughly divided into three categories ：Pledged stablecoin 、Unsolicited stablecoins （Algorithm stablecoin ）With mixed stablecoins 。

two 、usdtCurrency introduction

Tether is an important part of the digital currency ecosystem ，It is also the world's first stablecoin 。USDTyes TetherThe company launched a stable value currency based on the US dollar Tether USD，1USDT=1Dollar 。TetherEnsure that its value remains tied to the US dollar 。according to TetherThe statement ，Whenever a new one is issued USDTToken time ，It allocates equal amounts of dollars into its reserves ，Thus ensuring USDTGet full support from cash and cash equivalents 。 USDTOriginally published on 2014Year ，At that time, it was named “Realcoin”，By Bitcoin Investors Brock Pierce、entrepreneur Reeve Collinsand software developers Craig SellersCoins launched together 。at first ，USDTIt is through OmniLayers are released in the Bitcoin protocol ，Later, it gradually moved to other blockchains 。 Early birth ，USDTPrices continue to fluctuate 。But it's here 2019Since the beginning of the year ，The volatility of this stablecoin has dropped significantly 。The reason behind this is also due to the steady growth of trading volume and the overall development of the digital currency market 。Just like Ethereum will issue additional issuances in a timely manner according to the degree of network development ，USDTThe additional issuance is more due to market demand ，therefore TetherThe company will adjust according to market demand 。

three 、usdtCharacteristics of currency

1、Pegged to the US dollar

If you want to say the most important USDTFeatures ，That must be that its value remains tied to the US dollar 。Tethepromise ，Will follow 1:1Ratio of ，Store USD Margin ，This ensures that users can redeemed at any time 。

2、Token value preservation

High volatility in the cryptocurrency market means that cryptocurrencies can rise or fall significantly within a day ，This makes it unreliable as a store of value 。However, because USDTThe stability characteristics of 。

3、Unlimited additional releases

Just like Ethereum will issue additional issuances in a timely manner according to the degree of network development ，USDTThe additional issuance is more due to market demand ，therefore TetherThe company will adjust according to market demand 。Different from other currencies ，Adjust the issuance volume according to market demand 。

4、Transparent and stable

TetherThe company's savings account is public ，Can check anytime ，All Tether transaction records will be published on the chain 。And can undergo professional review 。

Four 、usdtHow to buy and sell currency

purchase usdtCurrency is generally divided into three ways ，on-line ，Offline ，And off-site ，Online is undoubtedly traded on various exchanges 。Offline ，that is C2CIt's，Give me goods ，I'll give you money ，This principle should be understood ，The other one is off-site ，No off-site influences ，Both parties rely on their trust basis ，Barter with things 。 USDTHow to sell ？The key is your quantity ，If it's a small amount ，Exchange is the best and fastest way ，If the quantity is large ，It's time to measure a freezing card and other risk factors ，When the quantity is large ，Offline and off-market will be equivalent to all advantages of the exchange ，But I would like to remind you that there are many scammers on the market ，We must take personal precautions 。

five 、usdtCurrency exchange introduction

Ou Yi OKXHeadquartered in Seychelles ，The operation department is mainly in Hong Kong 。Services to millions of users ，Its trading volume ranks first in the world 14Bit ，It is one of the largest cryptocurrency exchanges in the world 。Exchanges develop rapidly through derivatives trading ，The Bitcoin futures contract was launched in the year it was established ，It is the first exchange to launch futures contracts ，There are a wide variety of futures trading and contract trading ，Currently Ou Yi OKXThe exchange's derivatives trading volume accounts for about three-quarters of its total trading volume 。Although Ou Yi OKXThe spot trading volume can only rank outside the world's top ten ，But it ranks second in derivative trading volume ，Second only to Binance Binance，Even the world's number one in market type ，Strong contract strength 。

six 、summary

Virtual currency has developed to this day ，Tether usdtStill one of the most popular stablecoins on the market ，Meanwhile, it provides liquid support for transactions worth millions of dollars a day 。So choosing a wallet that suits you is very important ，Ensure your own funds' safety 。