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Overview: Tether (USDT) is a cryptocurrency token that is backed by actual fiat currency, such as U.S. dollars, Euros, and soon Japanese Yen. The idea behind Tether is to create a cryptocurrency that is backed by actual fiat currency, which could help protect against volatility in the crypto market. One Tether is equal to one underlying unit of fiat currency. This allows the cryptocurrency to be anchored or “tethered” to real world fiat currency. The Tether network allows users to store, send, and receive digital token assets on a peer-to-peer basis across the global, and at a fraction of the cost of some alternatives.
Circulating Supply: 2.22 Billion USDT
Mineable: No
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Disclosure: Spotlight Growth’s Crypto Cheat Sheets are not meant to be an endorsement or recommendation to invest or trade in the respective cryptocurrency mentioned above. They are meant strictly for information and entertainment purposes only. Please consider the risks and extremely speculative nature of cryptocurrencies before investing, which may not be suitable for all individuals. Spotlight Growth has no personal or business connections to any of the cryptocurrencies or their respective companies. However, the owner may have positions within one or more of the crypto coins mentioned for purposes of speculation or investment. For those that are active within crypto space, Spotlight Growth would like to remind you to exercise financial responsibility. PSA: These are very interesting and exciting times, but it is not recommended to take out additional mortgage, loan, liquidate 401K, utilize credit cards, etc. in order to participate within these markets. Please view SEC website for more details to consider: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
