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Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol.
Beginning with a whitepaper published online in January 2012, J.R. Willett described the possibility of building new currencies on top of the Bitcoin Protocol. Willett went on to help implement this idea in the cryptocurrency Mastercoin, which had an associated Mastercoin Foundation (later renamed the Omni Foundation) to promote the use of this new "second layer". The Mastercoin protocol would become the technological foundation of the Tether cryptocurrency, and one of the original members of Mastercoin Foundation, Brock Pierce, would become a co-founder of Tether. Another Tether founder, Craig Sellars, was the CTO of the Mastercoin Foundation..
Read more: What Is Tether And How Does It Work?
Tether is the thirty largest cryptocurrency. Most crypto stock like poloniex,binance,bitstamp support tether buy or sell with bitcoin or credit card. But don't forget after you buy your Tether(usdt) you should know where you want to store your Tether(usdt), detailed explain in the article below. But best way is buy Tether(usdt) using bitcoin.
Read more: Buy sell Tether(usdt)?
Storing your Tether(usdt). If you want to buy Tether or you already have Tether, you have to find some safe place where you will hold it. You have a lot of option’s. It depends on your idea of what you want done with your Tether. Most common option is putting your Tether(usdt) into a software wallet.This wallet had to support tether token. This option is relatively safe but not very practical. Second most common variant is to put your Tether into some cryptocurrency stock, where your Tether(usdt) is not secured as it would be in a software wallet. But, you have more options on what you can do with your Tether(usdt). You can sell your Tether(usdt). You can buy more Tether(usdt). You can exchange your Tether(usdt). Or, you can lend your Tether(usdt) and make some profit off of them. It only depends on you. Newest way to storing your Tether(usdt), is to put your Tether(usdt) into a hardware wallet. Be careful, because there are differences between hardware and software wallets. In a hardware wallet, your Tether(usdt) is absolutely safe. No one could steal your Tether(usdt) unless you lost your hardware wallet. Hardware wallets are technologically similar to a flash drive. If you damage or destroy this hardware wallet you will lose all of your Tether(usdt),but most hardware wallet has recovery seed. Be careful as this option is not practical. If your main concern is to gain more Tether(usdt), we recommend you store it on your account here because you will earn yearly interest of 8% and we had good security. But it only depends on what type of variant is best for you.
Read more: Storing your Tether?
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