USDT (Tether) is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. It is backed 1 to 1 by reserves of actual fiat currency, such as USD, EUR and JPY. The purpose of USDT is to provide a digital exchange medium that can be used to store and transfer value between entities, or can be used as a stable form of digital currency on exchanges where crypto-to-crypto trades occur.
USDT (Tether) is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. It is backed 1 to 1 by reserves of actual fiat currency, such as USD, EUR and JPY. The purpose of USDT is to provide a digital exchange medium that can be used to store and transfer value between entities, or can be used as a stable form of digital currency on exchanges where crypto-to-crypto trades occur.
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