Английское слово tether все чаще мелькает в мировых и российских СМИ. Ближайший конкурент Tether на…
fondsk.ru The importance of Tether may increase dramatically
The English word tether is increasingly flashing in the world and Russian media. It is both a noun and a verb in English. Most often it is translated into Russian as “tether” (or “binding”) and “tying” (or “binding”). Today, this word is most often used without translation into Russian (as well as other foreign languages) and is usually written with a capital letter – Tether. For the reason that it is the name of the company and the name of the digital currency that is issued by this company.
The digital currency Tether (also called a token) was issued more than ten years ago (in 2014) by Tether Limited. Compared to other private digital currencies, or cryptocurrencies, Tether looks advantageous because it is a stablecoin. That is, a digital currency with a stable exchange rate (purchasing power). As a rule, it is pegged to the US dollar in a 1:1 ratio. That’s why this digital currency is called Tether, because it is tightly pegged to fiat currency.
Tether is one of the world’s first stablecoins (if not the first). Today, Tether is the world’s first stablecoin in terms of capitalization (the total value of all issued “coins”). The digital currency Tether circulates all over the world. It is denoted by the USDT code. However, there are also Tether stablecoins pegged to the euro. They are denoted by the EURT code. Stablecoins pegged to a number of other currencies were launched. So, in May 2022, Tether launched the MXNT token, pegged to the Mexican peso, as a “testing ground” in Latin America. Finally, there are the gold-pegged Tether stablecoins – XAUT. There are other modifications of the Tether digital currency. As of January 2024, Tether’s official website lists 14 protocols and blockchains on which Tether was issued.
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