What is USDT / EURT?

Tether was developed by Tether Limited (Hong Kong) as a replacement of dollars on those exchange platforms which do not allow withdrawal of funds in fiat currencies. 

Tether was developed by Tether Limited (Hong Kong) as a replacement of dollars on those exchange platforms which do not allow withdrawal of funds in fiat currencies. 

It is tethered to dollar/euro with minor fluctuations ( most frequently from 0.99 to 1.01). As a result, funds can be added to the exchange platform in Bitcoin, purchase USDT or EURT as a replacement of common fiat currency and proceed to trade btc/usd eth/usd, for example. 

Contrary to other cryptocurrencies that do not have physical support, each USDT is backed by a real US dollar. Tether Ltd has a specialized reserve for this purpose. 

This is also the reason for various withdrawal options of USDT / EURT in other payment systems.

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