Highlights
In the initial years of its launch, Tether was often confused with Ether, which is the native and primary cryptocurrency of Ethereum’s blockchain
Tether is a token pegged to a fiat currency, and when issued on a blockchain, it falls in the stablecoin category within cryptocurrencies
Multiple blockchains are used by Tether as a transport vehicle for the movement of tokens from one party to another
Two of the biggest cryptocurrencies that rank just below Bitcoin are homophones of sorts. For quite some time, Ether (ETH) and Tether (USDT) became a cause for confusion for early cryptocurrency enthusiasts. Tether, however, is not only spelled differently and is an independent project but it is also not a typical cryptocurrency like Bitcoin or Ether. USDT’s value must always match with that of the US dollar due to the 1:1 peg, which makes it a stablecoin.
Another question that many ask is whether Tether is based on Ethereum’s blockchain. Every cryptocurrency, including...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...