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What is USDT? - also know as Tether [Stablecoins Explained]
Manage episode 294465582 series 2936986
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What is USDT? What Is Tether? This is all stable coins explained simply.
Traditional cryptocurrencies are digital currencies that their value is based on supply and demand on a decentralized network.
Stablecoins, while still considered a cryptocurrency, however, are backed by Fiat currencies like dollar, pound, Euro, and Yen.
The stablecoin that we're going to discuss today is called tether. Also known as USDT.
CoinCasso is a cryptocurrency exchange platform that is breaking the mould of traditional platforms.
We are using our patented hybrid exchange utilising benefits from both decentralised and centralised exchanges.
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