Tether is developed on the Bitcoin blockchain and combines the advantages of fiat and cryptocurrency. It allows you to use digital equivalents of real currencies (EUR и USD), providing quotations stability (1 USD₮ = 1 USD) and fast transaction speed. Tether Limited complies with international standards and operates in all countries that regulate virtual currencies.
Digital tokens that are ‘tethered’ to real-world currencies are called tethers. Traditional сurrencies available on the Tether platform are virtual equivalents of US Dollars and Euros. They are denoted by a special symbol ₮ (USD₮, EUR₮). One unit of the digital currency tether (₮) is equal to one unit of the corresponding real currency. For example, 1 tether USD₮ equals 1 USD. Hence, Tether always maintains stable quotations.
Tether is a fully transparent and reliable solution for Bitcoin businesses and individuals as the blockchain-enabled technology enhances the security of transactions. Digital equivalents of traditional currencies are redeemable for cash at any time.
Tethers and Bitcoins can be stored, sent and received through a convenient Tether.to web-wallet. The system allows transfers between Tether.to wallets and tether-enabled Bitcoin wallets. Deposits and withdrawals to/from Tether.to wallet are also available via bank transfer in USD.
With Tether, you can:
- Use digital equivalents of real currencies (USD₮, EUR₮);
- Exchange cash to virtual currency tether that is backed up by real assets (1 USD₮ = 1 USD);
- Quickly send and receive transactions;
- Benefit from zero commission and next to zero conversion fees. (Learn more about fees.)
Learn more about Tether.