Tether is a company based in China which, thanks to its collaboration with Cryptsy, turned an original fiat currency into a cryptocurrency called USDT. Tether can turn USD, EUR or other fiat currencies into digital tokens, in order to be used for transactions through the Bitcoin blockchain. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency, while users can transact and store Tethers with any Omni Layer enabled wallets such as Ambisafe, Holy Transaction or Omni Wallet. Tether allows for online transactions with tokens equal to US dollars, the most stable currency in the world. One Tether token (USDT) is always equal to one US dollar. Through the use of the Bitcoin blockchain, Tether guarantees the highest level of security and speed for its users’ transactions. Furthermore, Tether offers API support, and transparency since it imposes no hidden fees or commissions to its customers. Finally, Tether has partnered up with Poloniex, Ambisafe, Space Shift and others, in order to be a promising and innovative service.
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