The Tether cryptocurrency token was launched in 2014 by Brock Pierce. The company behind the coin, Tether Limited, claims that each token is backed by the value of one US dollar, though it was unable to meet all withdrawal requests in 2017.
Cryptocurrency trading has a major impact on USDT pricing ecosystem. BTC and USDT tend to follow a correlating trajectory, causing a drive in USDT prices when it is used to buy Bitcoin or fiat currency on marketplaces or exchange.
With Tether being tied to the United States Dollar, USDT provides a low fee for crypto-to-fiat and fiat-to-crypto currency transfer. This, of course, generates much traction for the coin. USDT is therefore the best alternative for those who pay high fiat-to-fiat cross-border charges in remittance.
Tether can be converted from digital currencies on our cryptocurrency conversion service. This means you can buy with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Tether can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. Tether can also be traded in real time against other digital currencies on our cryptocurrency exchange.
Disclaimer: The content on this page should not be taken as financial advice. Never invest what you can’t afford to lose as the cryptocurrency market is volatile. Always research as much as possible before buying any coin.