Tether this cryptocurrency with tokens issued by Tether Limited. Previously, it was claimed that each token was backed by one US dollar, but on March 14, 2019, it changed the security to include loans to subsidiaries. Tether is also called stablecoinemas it was originally designed to be as close to $ 1.00 as possible in value. For this reason, its value depends on the dollar exchange rate.
Emission tether launched in 2020 and is still vigorously climbing. This is evidenced by the fact that it has doubled in value from $ 5 million in just five months from March 2020.
Much of this growth comes from existing money fiduciary traded on exchanges that have been transformed into USDT.
transfers Tether they account for most of the multi-blockchain transactions where they are available today. At the same time, it is one of the largest consumers on the market Ethereum with over 6 billion USDT existing as a chip ERC-20.
the second largest host Tether is the Throne, which has over 2.8 billion USDT. It is also worth mentioning Bitcoin (BTC) based on USDT which on Omni ranks third with 1.3 billion. He is positioning far behind Liquid with the presence of $ 17 million.
Tether also invests in Start-ups and solutions to improve scaling. It is funding RGB in particular to bring crypto assets into Lighting Network.
CBDCA competitor Tether
Tether as of today, it is a major non-governmental stablecoin that leaves its competitors far behind. However, the digital currencies of central banks (CBDCA) that would be issued by institutions backed by the government are a direct threat to its domination.
However, the company sees CBDCA and Tether coexisting, due to the cross-platform nature Tether. Some independent experts agree, noting that these two stablecoiny they will probably have different goals.
Some specialists also point to the fact that CBDCA will function under a watchful eye institutions government. Therefore kryptowaluty will still offer a bit more discretion, but it is worth noting that stablecoins such as Tether can always be frozen at the request of law enforcement.