Kryptopriser -BOXABL
boxabl
BOXABL
NOK 0.002556
NOK 0.001711NOK 0.002532
24t: 41.86%7d: 10.77%30d: -59.11%1y: 0.00%
NOK 0.002556
Tether (USDT) is a stablecoin, a type of cryptocurrency designed to maintain a stable value relative to a fiat currency, in this case, the US dollar. It aims to offer the benefits of cryptocurrency, such as fast transactions and global transfers, while mitigating the price volatility often associated with other digital assets.
Each USDT token is purportedly backed by an equivalent amount of traditional fiat currency, like the US dollar, held in reserves. This backing is intended to ensure that 1 USDT consistently trades at or very close to 1 US dollar, providing a stable digital asset for various financial activities.
The company behind Tether, Tether Limited, regularly publishes attestations of its reserves. These reports aim to provide transparency regarding the assets held to back the USDT in circulation, although the extent and frequency of full independent audits have been subjects of discussion within the cryptocurrency community.