Tether is a cryptocurrency issued by the Tether Limited company. Born as a stablecoin, it was initially stated that each Token was backed by a US dollar, however, several controversies have put this point on the table.
Tether It was the first stablecoin to exist. It was launched in 2014 by businessman Reeve Collins; Bitcoin’s investor, Brock Pierce; and the developer, Craig Stellers. Since then it has become the most important for market capitalization.
Originally Tether was available through Omni Layer, but now you can access them in several blockchains. With the approval of Tether Limitedcan be alternated between USD and Tether, a mechanism that helps maintain the anchor of the stablecoin.
The Tether Limited network in turn is controlled by the owners of the Bitfinex cryptocurrency exchange, which was accused of the New York Prosecutor’s Office to use Tether funds to cover 850 million in missing funds since mid -2018.
The quotation of Tether to This day is 0.999762 dollarswhich means that cryptocurrency had a change in -0.02% percent.
On the other hand, it registered a change of -0.01% with respect to 08:30 hours (UTC) of this day. As for your popularityis located in position #3.
Cryptocurrencies emerged in 2008 as an alternative to the devaluation of several currencies as a result of the economic crisis of that year.
The first digital asset created was the bitcoin And over time others arose like litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most popular.
Cryptocurrencies work through a cryptographic encryption that guarantees the safety of transactions, as well as the control of the generation of their currencies .
To carry out transactions, Cryptocurrencies use a decentralized database, blockchain or shared accounting record.
It is worth mentioning that cryptocurrencies are digital currencies that do not exist physically and, unlike assets such as the dollar, the euro or the peso, are not regulated by any institution and do not need intermediaries in the transactions.
The latter has caused that cryptocurrencies are not seen with good eyes for the formal market accusing them of being unchanging, volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.
However, little by little the step to such a degree has been opened that companies, millionaires and even states have encouraged or authorized their use.
One of the richest men in the world, Elon Musk, has made comments in favor of cryptodivisas such as Bitcoin and Dogecoin, temporarily allowing its use in the Tesla electric car company, which triggered, at the time, the increase in its price.
