USDT - The most hated and the most used, a contradiction!

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What does USDT mean?
USD: financial sign of the American dollar.
T: belongs to the Tether company.

USDT is a stable cryptocurrency or a Stablecoin. It will maintain the relationship with which it was created, regardless of which FIAT or value currency has been chosen.

This cryptocurrency (USDT) was created by the Tether company, with parity 1: 1 with respect to the North American Dollar. Which means that their value would be at $1. Creating an STABECOIN leads to many implications, but USDT has created an ecosystem around this.

The main difference of the Stablecoin with the rest of the cryptocurrency is this that The value of the stablecoin is maintained without many fluctuations, while the rest of the cryptocurrency, its nature is volatility, its value varies constantly.

A little USDT history
It all started in 2014, where J.R. Willet worked for the company Mastercoin, and this company worked with Blockchain and an operating protocol on Bitcoin. With this company (MASTERCOIN) it was possible to create a series of layers on Bitcoin, and thus the possibility of creating other cryptocurrencies or tokens. This will lead to a revolution for Bitcoin, creating the possibility of creating new applications.

The Mastercoin company had great potential, it was as Brock Pierce and Craig Sellars, Mastercoin workers, presented a project called Realcoin, with the Omni Layer of Mastercoin and used Bitcoin Blockchain.

The Omni protocol was able to exchange, send, redeem and pay dividends among other things. For the time, the Stablecoin created Realcoin, was a revolutionary system running on the Omni Protocol, this occurred in 2014.

But on November 20 of that same year, it was changed its name to USDTether (USDT), creating 2 more coins, EURTether (EURT), YenTether(YENT).

This is how the controversial story of this StableCOIN (USDT) and its sisters begins.

Adoption of the USDT
At the end of 2014 and early 2015, this Stablecoin began to have popularity and some Exchange began to introduce it on their platforms. For example, traders by winning cryptocurrencies, could be transformed into USDT, to safeguard their money.

But this company "Tether Limited" has had some turbid businesses and has been a very controversial company. In 2017, he announces the creation of the Token ERC-20, in the Ethereum blockchain.

Thanks to this we can see that Tether's company takes its tokes to 2 largest Blockchain, Bitcoin and Ethereum. And in 2019 a new Token (PNT) was launched, having the yuan as a collateral currency, and this Token is available on several Exchange platforms.

It is currently said that USDT trade represents 80% of all Bitcoin transactions. On the one hand, it is the most hated currency, but on the other one is the one that has more transactions in the ecosystem.

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In so much volatility of cryptocurrencies, the USDT allows Exchange to protect their investment and high liquidity. It enjoys all the characteristics of a cryptocurrency, therefore, you can send USDT to any part of the world. It is stable, it has no high value.

Advantages:
Because it is a stabelin, its price remains stable.

By working with Blockchains your transactions are very economical.

It has a lot of ease to operate, which makes most Exchange platforms offer pairs to do trading.

Help traders protect your money.

Disadvantages:
Many doubts with the Tether company, many gray businesses.

There is no privacy, before any deposit you have to send the identity to the company.

It is not decentralized, therefore, the control is under Tether.

Many negative comments about this stablecoin

Undoubtedly, USDT has maintained its stability over time, which gives a little tranquility to those who seek a choice of stability in their investments and businesses. An alternative to safeguard your assets.

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