What is USDT (USDT)?

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.

What is Tether (USDT)?

Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains ( Source ).

Who is the centralized authority for USDT?

If you have a debit card or credit card in your wallet, the issuing bank or company is the centralized authority. For USDT, the Tether tokens are issued by Hong-Kong-based Tether Limited, which, in turn, is controlled by Bitfinex/iFinex Inc.

How do I buy USDT?

How Do I Buy USDT? Tether tokens can be bought and sold on cryptocurrency exchanges including Binance, CoinSpot, Bitfinex, and Kraken. Is Tether a Stablecoin?