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Tether

$1.3369
arrow_drop_up-0.77%
volume
4336.33Volume 24h
bid/ask
1.3109 / 1.3393Bid/Ask
change
-0.77 %Change
market cap
$20.09BMarket Cap
24h high/low
$1.34 / $1.34 24 Hour High/Low
supply
15.73BSupply
summary
Original AuthorBrock Pierce, Reever Collins, Craig Stellar
Initial releaseFebruary 25, 2015
Websitetether.toExternal link
Circulating Supply20.09B
Supply Limit15.73B
All Time High$ 1.34
All Time Low$ 1.34

Tether

Tether is the first stable coin in the cryptocurrency market. Its coin USDT was designed to have similar usage features to fiat, but with the properties of a digital currency by utilizing blockchain technology. Tether belongs to a section of cryptocurrencies called stablecoins that aim to keep crypto valuations stable

Tether, initially named “Realcoin”, was created by Brock Pierce, Reever Collins, and Craig Stellars in 2014.

Because the stablecoin is “tethered” to real-world currencies, they hold and keep their value at a 1:1 to the underlying fiat asset (or at least try to).

Since USDT is anchored or ‘tethered’ to real-world currencies on a 1-to-1 basis and backed by reserves, this allows it to stay close to $1.

The main point of Tether is to provide liquidity and additional protection against volatility. Since the coin is “tethered” to a fiat, this makes the stablecoin less risky than many other cryptocurrencies.

Tether, much like other cryptocurrencies, has its fair share of risk. However, since it is connected to a fiat, it is less vulnerable to volatility and allows for a more stable price.

Over the past month, Tether has performed with a price as high of CA $1.3646, dipping to a CA $1.3275 and rebounding to a current price of CA $1.3424. For the most part, this means that Tether has performed fairly consistently. *past performance is not indicative of future performance*

Trading Tether is made affordable, safe, and fast through cryptocurrency exchanges such as NDAX.

Yes, a stable coin is a class of crypto that is backed by a reserve asset. Since USDT was designed to be backed by the US dollar, it classifies as a stablecoin.

USDT opens up the possibility for investors to purchase digital assets that hold a stable value like USD, this offers liquidity and stability to exchanges, users, and banks. Tether also assists countries where converting crypto to fiat is difficult.

Both USDT and USDC are stablecoins that are pegged to the US dollar, in fact they are probably the two biggest players in the stablecoin market. Tether (USDT) was one of the first companies to put a stablecoin on the market and was created as a solution for investors to transfer assets from one exchange to another without experiencing extremely large fees. USD Coin (USDC) was created through a joint-deal between Coinbase and Circle in 2018 and emphasizes transparency.

Tether is now available to buy and sell on NDAX. This will allow for affordable, safe, and fast transactions. Canadians can buy Tether (USDT) on NDAX by following these steps: o Login to NDAX o Once you log in you will be redirected to your dashboard o On the right side of the screen, you can find our Quick Buy/Sell widget o Click the small GREY ARROW in the upper left corner of the screen to pick the USDT/CAD pair o Input the amount in USDT that you want to buy o Click BUY (Green button) o Click BUY (Green button) again within 5 seconds to confirm your order

Tether is now available to buy and sell on NDAX. This will allow for affordable, safe, and fast transactions. Canadians can sell Tether (USDT) on NDAX by following these steps: o Login to NDAX o Once you log in you will be redirected to your dashboard o On the right side of the screen, you can find our Quick Buy/Sell widget o Click the small GREY ARROW in the upper left corner of the screen to pick the USDT/CAD pair o Input the amount in USDT that you want to sell o Click SELL (Red button) o Click SELL (Red button) again within 5 seconds to confirm your order

Trading Tether is made affordable, safe, and fast through cryptocurrency exchanges such as NDAX. NDAX’s trading fee is 0.2%. Canadians can buy USDT by following these steps: o Login or sign up to NDAX o Once you log in you will be redirected to your dashboard o On the right side of the screen, you can find our Quick Buy/Sell widget o Click the small GREY ARROW in the upper left corner of the screen to pick the USDT/CAD pair o Input the amount in USDT that you want to sell o Click BUY (Green button) o Click BUY (Green button) again within 5 seconds to confirm your order

Converting Tether to fiat in Canada is made affordable, safe, and fast with platforms such as NDAX. Step 1: Sell your USDT for CAD o Login or sign up to NDAX o Once you log in you will be redirected to your dashboard o On the right side of the screen, you can find our Quick Buy/Sell widget o Click the small GREY ARROW in the upper left corner of the screen to pick the USDT/CAD pair o Input the amount in USDT that you want to sell o Click SELL (Red button) o Click SELL (Red button) again within 5 seconds to confirm your order Step 2: Send a withdrawal to any Canadian bank or Financial institution o Click WITHDRAW at the top of the screen o Select the FIAT TAB on the left side of the screen o Ensure CAD is selected and click the WITHDRAW button o Choose the method of withdrawal: EFT or WIRE TRANSFER o Select BANK ACCOUNT or ADD ACCOUNT if this is your first time. Type in the amount you’d like to withdraw or click MAX o Click WITHDRAW NOW o Your Tether funds have now been converted to CAD and sent to a bank or financial institution to be cashed out.

It is highly recommended that you always store USDT in a cryptocurrency hardware wallet. Check out Ledger or Trezor for your hardware wallet needs.

Withdrawing Tether can be done through a cryptocurrency exchange such as NDAX that makes the process affordable, safe, and fast. The following steps will help you withdraw cryptocurrency: o Login NDAX o Once you log in you will be redirected to your dashboard o Click WITHDRAW at the top of the screen o Click the CRYPTOCURRENCY TAB on the left side of the screen o Select Tether o Click the WITHDRAW BUTTON o ENTER THE DESTINATION ADDRESS you’d like to send the cryptocurrency to. o ENTER the DESTINATION TAG or MEMO ID if applicable. o Click the green WITHDRAW NOW button

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