Tether USDT

On 2024-04-25 the current Tether price/exchange rate is 0.933271 EUR.

Tether (USDT) is a cryptocurrency based on a blockchain network. 

Its value is backed by the value of the US dollar.

Tether does not have its own blockchain network. 

It operates as a second-layer digital token based on other cryptocurrency blockchains like Bitcoin, Ethereum, Algorand, Tron, and Bitcoin Cash.

It is also known as “stablecoin”.

Stablecoins are basically blockchain instruments that have their value pegged to the value of traditional fiat currencies. 

That is why 1 USDT should be the equivalent of $1. 

The goal of stablecoin is to keep the value of the cryptocurrency stable.

Because it’s stable, many crypto investors use Tether to avoid the volatility of other cryptocurrencies. 

For example, if investors fear that the crypto market prices may decrease, instead of withdrawing funds, they can transfer their funds to Tether (USDT).

At the moment, USDT is the most used stablecoin.

There are around 91 billion USDT tokens in circulation.

Since each USDT coin is backed by the value of 1 US dollar, the total amount of the token depends on the actual cash reserves of the Tether founding company.

To remain completely transparent, Tether publishes daily reports on the value of its reserves. 

The value of the reserves should correspond to the value of USDT in circulation.

A unique feature of Tether is that the value of the USDT token is tied to the value of the US dollar.

As the founders of Tether explained, once new USDT tokens are put into circulation, the same amount (in US dollars) is allocated to Tether’s own reserves to ensure that USDT has full coverage.

This feature provides a certain amount of security to crypto investors. 

Cryptocurrencies are highly volatile (their price can increase or decrease 10%-20% in one day) and this makes them unreliable as a stock of value.

Thanks to Tether, investors who think cryptocurrency prices could decrease can transfer a certain amount (for example Ethereum) to Tether, instead of making a withdrawal.

Tether also provides an easy way to transfer values (equivalent to the US dollar) between different countries via blockchain. 

Users will be able to avoid existing slow systems and costly third-party fees (banks or other financial service providers).

Tether is a stablecoin which means that it can’t be mined like other cryptocurrencies with its own blockchain network. 

Stablecoins are issued in response to demand from users who plan to use them in crypto exchanges. 

Also, Tether’s value is tied to the value of the US dollar, so if USDT could be mined, it would be the opposite of Tether's function and purpose.

The creators of Tether are Brock Pierce, Reeve Collins, and Craig Sellars. 

They founded Tether (USDT) in 2014 under the name “Realcoin” (the name Tether appeared at the end of 2014).

On the Bitcoin Store platform, you can easily buy Tether and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Tether in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store USDT on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: