What is Tether?

Tether, commonly referred to as USDT, is a type of cryptocurrency that falls under the category of stablecoins. This means that the value of Tether is directly related to that of a fiat currency, in this case, the US dollar (thus the acronym USDT). Tether can be bought or sold using several currencies such as USD, EUR, and JPY.

How does the Tether mechanism work?

This is how the Tether mechanism works. When you effect a Tether payment through a cryptocurrency wallet, the amount you want to transfer plus your unique address are shared to a network of computers globally. Each of these computers then does a check to confirm that you have enough found and that those funds are in your name. If everything is okay, then the payment is authenticated.

 How can one set up a Tether account?

Setting up a Tether account is incredibly fast and easy. All you need to do is select a cryptocurrency exchange platform and set up an account. After creating an account, you can use your credit or debit card to buy Tether. Note that you will be required to have a cryptocurrency wallet for storing your Tether tokens.