History of cryptocurrencies: Case “Tether”

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Tether is the type of token that always has the same value.

For this curious reason, many investors have decided to opt to protect themselves from market drops.

This token is issued in the Bitcoin block chain through the Omni Layer protocol. Tether is backed by assets, whose ultimate goal is to serve as a link between fiduciary currencies and cryptocurrencies, or at least that is the initial idea. Each Tether has a value equivalent to one US dollar, this means that the Tether is in some way linked to the dollar.

Among the incentives offered by Tether for individual users and merchants is the possibility of moving money between purses and portfolios without converting it into Bitcoin first. In addition, the individual is custodian of their own funds and that eliminates the risk of custody through the exchanges.

Become part of the world of cryptocurrencies, investing in iCashweb.

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