Topic: What is usdt?? - page 3. (Read 68929 times)
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency
USDT >>
Tether is a cryptocurrency that its creators claim is pegged to the U.S. dollar. The idea is that it's much more stable than most digital coins that have huge price swings.It was invented in 2015 and theoretically a person would pay $1 for one tether coin.Currently, there are 2.2 million tether in circulation, according to data from Coinmarketcap.com, a website that tracks cryptocurrency prices.
Tether is a cryptocurrency that its creators claim is pegged to the U.S. dollar. The idea is that it's much more stable than most digital coins that have huge price swings.It was invented in 2015 and theoretically a person would pay $1 for one tether coin.Currently, there are 2.2 million tether in circulation, according to data from Coinmarketcap.com, a website that tracks cryptocurrency prices.
This thread was very helpful... Welldone guys
It needs to be noted that USDT is not a real USD, and there may be a run problem, so be careful, and the company seems to have a suspicion of usddt and no public account.
Guys, do you even pay attention to the date of the first post and all prevoius posts? In my opinion it looks very silly and suspicious to bump so old threads.
I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe, Holy Transaction or Omni Wallet.
For USDT, is there any government money involvement or any will it depend on any legal requirement like fiat currencies? Does the price of USDT is always same as USD? And what is the real purpose of people using USDT currency?
USDT and other Tether currencies were established to facilitate the transfer of national currencies or the fiat money to help users with a stable alternative to bitcoin and to give an alternative for exchange and wallet audits which is currently inaccurate.
USDT is 1 to 1 dollar equivalents, but USDT may exist more cash, so you need to use USDT carefully, but USDT when the currency fell as a safe-haven asset is a must.
I would like buy some USDT but according the site:Registrations are offline while we rebuild the system.
I actually just put a great overview of Tether (USDT) on my blog if anyon wants a good overview.
"The theory behind USDT is simple. A company called Tether created their own token on top of Bitcoin using Omni Layer. Then Tether holds 1 US dollar in a reserve fund for each USDT token issued. So when you open up a Tether account and deposit $100 into it, Tether holds that $100 in reserve and then issues you 100 USDT tokens which you can then take into the exchanges and trade with. Whenever you decide that you want convert back to US dollars, you send the USDT tokens you’ve accumulated back to your Tether account and tell them to wire the equivalent money to your bank account."
Read the whole thing at: http://www.jsfour.com/untethered
"The theory behind USDT is simple. A company called Tether created their own token on top of Bitcoin using Omni Layer. Then Tether holds 1 US dollar in a reserve fund for each USDT token issued. So when you open up a Tether account and deposit $100 into it, Tether holds that $100 in reserve and then issues you 100 USDT tokens which you can then take into the exchanges and trade with. Whenever you decide that you want convert back to US dollars, you send the USDT tokens you’ve accumulated back to your Tether account and tell them to wire the equivalent money to your bank account."
Read the whole thing at: http://www.jsfour.com/untethered
Thanks for this explanation made it clearer and somehow possible. But What do we have to prove that this reserve exist? Do they have a public ledger or something?
It is like a digital usd. 1 usdt is always equal to 1 usd, the company always hold same amount of usd with the market cap in their bank account.
Basically its the dollar on the blockchain. It helps you easily convert it when trading on platforms like Poloniex.
For example, when Bitcoin / Altcoins are going down, you can easily convert them to USDT and you can rebuy at lower prices.
Imagine whenever you wanted to sell the coins you had to make them in Euro. That would be painfully complicated!
For example, when Bitcoin / Altcoins are going down, you can easily convert them to USDT and you can rebuy at lower prices.
Imagine whenever you wanted to sell the coins you had to make them in Euro. That would be painfully complicated!
Cann't see omni support team or any support of Tether USDT tokens, so leave this comment here.
Dev's, can you fix the comissions for transfer tether USDT tokens and can you fix display full amounts in your system??
I see the comissions is over 27300 satoshies, because there is three nulls after the point!
I got 2730 satoshies from cryptopia on my BTC address for each transfer USDT, but it so low ammount for transfer this tokens.
You can see it here: https://blockchain.info/address/18y4imCZsarP79LPFmPHv7SmgZ4ohSrVNF
0.000273 it's not 273 satoshies and it's not 2730 satoshies - it's 0.00027300, so 27300 sat for each transfer TetherUS (USDT)!
Cryptopia willn't pay so much that means your tokens is illiquid shit then, if anyone cann't transfer it
without bitcoin fees exists on the address... =(
Dev's, can you fix the comissions for transfer tether USDT tokens and can you fix display full amounts in your system??
I see the comissions is over 27300 satoshies, because there is three nulls after the point!
I got 2730 satoshies from cryptopia on my BTC address for each transfer USDT, but it so low ammount for transfer this tokens.
You can see it here: https://blockchain.info/address/18y4imCZsarP79LPFmPHv7SmgZ4ohSrVNF
0.000273 it's not 273 satoshies and it's not 2730 satoshies - it's 0.00027300, so 27300 sat for each transfer TetherUS (USDT)!
Cryptopia willn't pay so much that means your tokens is illiquid shit then, if anyone cann't transfer it
without bitcoin fees exists on the address... =(
So on the forums usdt can be used to trade against or to exchange coins to tether and from tether
Can anybody enlight me 
Thx
Thx
usdt is a cryptocurrency asset issued on the bitcoin blockchain via the omni layer protocol.....each USDT unit is backed by a $ held in the reserves of the tether limited and can be redeemed through the tether platform.
I also saw USDT on Poloniex and Bittrex and as I read, USDT (USD Tether) is a cryptocurrency asset issued on the Bitcoin blockchain. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency
It is 1-to-1 backed digital currency, it was created through omni platform and each usdt coin is backed by a us dollar. I think it is one of the useful coins.
There is an alternative to Tether coming up. A safe and stable haven for crypto investors - X8currency. A brief articles comparing USDT and X8: https://www.ionectar.com/the-rise-of-tether/
https://x8currency.com/
https://x8currency.com/
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