Buy Tether (USDT) in UK With GBP | CoinJar

Tether (USDT) is the original . The was first released back in 2012, although the token itself didn’t find widespread use until it was adopted by the exchange Bitfinex in 2015.

At a time when it was difficult for cryptocurrency exchanges to find reliable banking and fiat currency partners, Tether offered a way around the roadblock for the growing crypto industry. Offering a token that Tether claimed was backed 1:1 with actual US dollars, users could trade USDT without the fiat currency itself having to go anywhere.

How does the Tether token maintain its value?

USDT is designed to maintain a stable value by being backed by a reserve of US dollars. For every Tether USDT token that is issued, there is a corresponding US dollar held in reserve.

This ensures that the value of USDT remains stable over time. However, these reserves have not been independently audited, so do your research. While it is "pegged to the US Dollar" this doesn't guarantee that. It has become in the past.

How can I invest in Tether?

Many crypto enthusiasts find themselves trading a digital asset like USDT for fun, while others see it as an investment.

Investing in USDT can come down to opinion. USDT involves some risks, such as the lack of independent audits of reserves. USDT is not a good investment if you are looking for capital appreciation, as it is designed to maintain a stable value of US$1.