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Can anybody enlight me  ???
Thx

also interested

Pretty sure USDT is Tether dollars: https://tether.to

I cant find USDt announcement thread here.

Tether (USDT)
http://coinmarketcap.com/assets/tether/

They don't list a forum.
https://tether.to/ Website lists , Bottom Right
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USDT dollar tether, price equal same dollar, but develop tether use bitcoin tekhnologi
low use tether only poloniex and bitfinex use tether

Hmmm i only understand your first and second line. The rest is kinda messy for me. Anybody can explain this more better.

Blockchain equivalent of a US dollar, read this!

https://tether.to/faqs/

An observation with trading this asset:

Although the price is supposed to.be fixed to a USD, and its consequent value in bitcoin, it's usually traded on order books that don't provide liquidity at the assumed price. Expect to take a 5% haircut until this gets alot more popular. If you use this asset, be wary of purchasing large amounts; it will take you a few days to ease out if you don't like putting up sells.

It is pegged to usd. I think places like Poloniex use it instead of usd to (hopefully) escape legal prosecution.

I wonder how do they do it? Tether also offer eurot and JPNt. If I understand it correctly, they sell a coin at bitcoin to dollars rate. It only fluctuates when the btc/usd price fluctuates. So if you like to get USDt, you will be paying for an overpriced altcoin. I'm not sure if this is tied to USD... maybe this is just a made-up coin to represent the equivalent value of the fiat outside the banking system.

they should create an announcement thread here so we dont have to go to their website or google the info about of USDt and benefits owning it!?!

You're right, they should provide more informations about it.

https://wallet.tether.to/transparency (https://wallet.tether.to/transparency)

hmmm...

"Tether is always fully transparent"

"Our reserve account is regularly audited"

Although information seems fairly limited and I don't see anything specific about these audits  ???

Then again, market cap is about 6 million usd so seems reasonable that they could hold that much in reserve.  But what is the business model?


This seems to be the blockchain explorer listing transactions:
http://omnichest.info/lookupsp.aspx?sp=31 (http://omnichest.info/lookupsp.aspx?sp=31)

To the best of my understanding, tether has reserved x of each fiat they have a tether for. There is only enough tether in circulation to cover the reserve. Therefore, you can always redeem tether on their platform if you send it to their on platform wallet. Problem is, a USDt is usually a little more expensive in bitcoin than an actual USD. Also, transactions are kind of slow, the last time I used it. Master coin transaction, I think.

USDT is fiat money is basic system with blockchain tehcnologi, you can find wallet USDT dollar tether with link tether.to
marketplace exchanger support USDT poloniex and bitfinex

It's not much different than holding USD at an exchange. You have to trust that tether will actually pay you. It's just a layer on top of bitcoin as far as I can tell. Apparently there is something called a tether enabled wallet, but I haven't found any one can use. So you have to keep it at an exchange or at the tether website.

It doesn't make sense why they wouldn't release a wallet imo. Also there hasn't been any activity on their social media accounts in a year. If you believe what they say about backing every tether with a dollar then it's probably safe. But the lack of activity means it probably hasn't been profitable for them so they're just sitting on the idea.

I agree.. a lot of things about this don't instill confidence.  The only reason I can see to trust usdt is its association with Polo and Bitfinex.  Presumably these exchanges did some kind of due diligence.  This being crypto though, this could all end in disaster.

why do poloniex.com use USDT instead of btc on trading some alt coin?
are their any reason behind it im sorry im just starting trading in poloniex.

Tether, the first blockchain-enabled platform to allow fiat currency to be used like bitcoin, has officially been released on the instant crypto exchange. (if you know some exchange website) This integration will now make it painlessly easy to dodge bitcoin's volatility by utilizing the crypto coin version of USD. This is a new alt coin this is good for sure.

it's pegged... you can always go to tether page and swap your coins to real dollar.
that's why the price stay at 1:1.

I only just noticed USDT too.

I presume it exists to get around the money laundering laws that apply to fiat, and the tricky rules that banks like to apply to fiat <=>crypto exchanges.  By using USDT you exchange remains at arms length from the fiat rules.

It's interesting, that the rate is now under 1$ although it should be backed by Tether company.
http://coinmarketcap.com/assets/tether/
That means there is either some heavy speculation or there are signs that Tether cannot guarantee that they buy back all USDT for 1 USD each.

I actually just put a great overview of Tether (USDT) on my blog if anyon wants a good overview.

"The theory behind USDT is simple. A company called Tether created their own token on top of Bitcoin using Omni Layer. Then Tether holds 1 US dollar in a reserve fund for each USDT token issued. So when you open up a Tether account and deposit $100 into it, Tether holds that $100 in reserve and then issues you 100 USDT tokens which you can then take into the exchanges and trade with. Whenever you decide that you want convert back to US dollars, you send the USDT tokens you’ve accumulated back to your Tether account and tell them to wire the equivalent money to your bank account."

Read the whole thing at: http://www.jsfour.com/untethered

This sounds interesting but who would mind on having a 1:1 ratio? I didnt even heard about this coin and if i wasnt able to read it now then i wouldnt know still that this coin do exist. Ill read the link later and it seems this coin do really have some potential.I was little bit behind in the news relating to new coins existed or even some didnt even heard or did just missed because of lacking interest on knowing ann threads,

USDT is used quite a bit by exchanges actually. Poloniex, for instance, uses it for their USD calculation.

It's really great like FIAT usd, eur. I can withdraw to my bank in euro.

There is an alternative to Tether coming up. A safe and stable haven for crypto investors - X8currency. A brief articles comparing USDT and X8: https://www.ionectar.com/the-rise-of-tether/

https://x8currency.com/

It is 1-to-1 backed digital currency, it was created through omni platform and each usdt coin is backed by a us dollar. I think it is one of the useful coins.

I also saw USDT on Poloniex and Bittrex and as I read, USDT (USD Tether) is a cryptocurrency asset issued on the Bitcoin blockchain. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency

usdt is a cryptocurrency asset issued on the bitcoin blockchain via the omni layer protocol.....each USDT unit is backed by a $ held in the reserves of the tether limited and can be redeemed through the tether platform.

So on the forums usdt can be used to trade against or to exchange coins to tether and from tether

Cann't see omni support team or any support of Tether USDT tokens, so leave this comment here.

Dev's, can you fix the comissions for transfer tether USDT tokens and can you fix display full amounts in your system??
I see the comissions is over 27300 satoshies, because there is three nulls after the point!
I got 2730 satoshies from cryptopia on my BTC address for each transfer USDT, but it so low ammount for transfer this tokens.
You can see it here: https://blockchain.info/address/18y4imCZsarP79LPFmPHv7SmgZ4ohSrVNF
0.000273 it's not 273 satoshies and it's not 2730 satoshies - it's 0.00027300, so 27300 sat for each transfer TetherUS (USDT)!
Cryptopia willn't pay so much that means your tokens is illiquid shit then, if anyone cann't transfer it
without bitcoin fees exists on the address... =(

Basically its the dollar on the blockchain. It helps you easily convert it when trading on platforms like Poloniex.

For example, when Bitcoin / Altcoins are going down, you can easily convert them to USDT and you can rebuy at lower prices.

Imagine whenever you wanted to sell the coins you had to make them in Euro. That would be painfully complicated!

It is like a digital usd. 1 usdt is always equal to 1 usd, the company always hold same amount of usd with the market cap in their bank account.

Thanks for this explanation made it clearer and somehow possible. But What do we have to prove that this reserve exist? Do they have a public ledger or something?

I would like buy some USDT but according the site:Registrations are offline while we rebuild the system.

USDT is 1 to 1 dollar equivalents, but USDT may exist more cash, so you need to use USDT carefully, but USDT when the currency fell as a safe-haven asset is a must.

USDT and other Tether currencies were established to facilitate the transfer of national currencies or the fiat money to help users with a stable alternative to bitcoin and to give an alternative for exchange and wallet audits which is currently inaccurate.

For USDT, is there any government money involvement or any will it depend on any legal requirement like fiat currencies? Does the price of USDT is always same as USD? And what is the real purpose of people using USDT currency?

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe, Holy Transaction or Omni Wallet.

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

Guys, do you even pay attention to the date of the first post and all prevoius posts? In my opinion it looks very silly and suspicious to bump so old threads.

It needs to be noted that USDT is not a real USD, and there may be a run problem, so be careful, and the company seems to have a suspicion of usddt and no public account.

This thread was very helpful... Welldone guys

USDT >>
Tether is a cryptocurrency that its creators claim is pegged to the U.S. dollar. The idea is that it's much more stable than most digital coins that have huge price swings.It was invented in 2015 and theoretically a person would pay $1 for one tether coin.Currently, there are 2.2 million tether in circulation, according to data from Coinmarketcap.com, a website that tracks cryptocurrency prices.

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency

Based for what i read, Usdt and other tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to btc and to provide an alternative for exchange and wallet audits which are currently unreliable. usdt  provides an alternative to proof of solvency methods by introducing a proof of reserves process.

What is usdt? Bitfinex's CEO is also the CEO of a company called Tether Limited, which issues tethers also known as USDT a pegged cryptocurrency that is the tether's value is pegged directly to that of the U.S. dollar. To do so Tether commits to keep the dollar equivalent of all USDT value in reserves at all times. USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred stored spent just like bitcoins or any other cryptocurrency, users can transact and store tethers with any Omni Layer enabled wallet like Ambisafe Holy Transaction or Omni Wallet USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.

its a crypto that is said to be pegged at 1$ amount. They claimed that each tether is backed by 1$. However, they can issue any amount of tether that they wish. The problem arise when they did not have the true amount of FIAT for each tether issued. Thus making all the court allegations battle for that mistake.

Tether is created by a company called Tether Limited and is closely affiliated with the Bitfinex exchange.
There are currently more than 2 billion USDT in circulation. The Tether company claims to have fiat currency reserves to back up all the Tethers in circulation, but there is no concrete evidence of this.

Tether recently and unexpectedly discontinued its relationship with the auditors that were going to verify this claim, causing uncertainty about whether USDT is securely backed by US dollar reserves.

Even though the cryptocurrency is pegged at $1, Tether users should note that this price stability is largely dependent on Tether Limited actually being able to support the amount of Tether currently in circulation, and that a loss of value is still possible.

There is no concrete evidence of Tether Limited being or not being able to support the value of USDT currently in circulation.

Even the information I found about this usdt I don't understand at all, so I can't just come here and be posting something I don't understand, I guess full member, hero member or legendary can have some easy to understand information for us. Will be glad to know. Thanks.

I've been into Crypto for over 3 months now and I've never understood Tether until visiting this thread! Thanks guys!!

It is the freaking Tether that became the escape route of whales. There are still funds there and they will be using it again once the price of bitcoin falls where they could double the number of it.

What a nice strategy but it only affects when other whales agrees to make the same decision and looks like they did it good also pulling the Full of Panic groups.  :-\

The price of it will never go up against USD. It is just the same as it is.

USDT is United states Dollar based crytpocurrency called Tetter. It is pegged 1:1 ratio with the us dollar and is the most secured altcoins without much fluctuations.

well , USDT is pretending to be some coin playing the game as the coin that is guaranteed to remain in the same as 1 USD banknote , but it was proven several times that it's not like that , hacked several times and realized that there is no support for 1 USD guarantee.
While there is a coin which makes Exchanges to guarantee the value of 50 CHF before they list the coin , it's real Elysium ELSM ( www.e-elysium.com ) and in the blockchain it's the only coin which can't be dumped as it's called PREEMPTIVE CONSENSUS VALUE COIN.
MFFV ( minimum fixed face value ).
after this coin gets listed on exchange July 2018 everyone will realize what coin is ELSM.
There is also a donation in plan for supporting children with Down Syndrome , so the exchange will give 0.5 ELSM for every 2 ELSM coins they sell.
USDT is very dirty coin all fake , no support for 1 USD
as well as very pure coin !? the hacker created from thin air 265 milion coins and took 265 million USD for less then 1 hour , not even coin

Dollar tether, Tether allows you to store, send and receive digital tokens pegged to dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

I think it is a convertible currency worth $ 1, which is a storage asset when people see the market fluctuate.

Full credit to Pete Mercury here, he’s had the balls to let everyone know what actually is going on with Tether. We alluded to this a number of times to try and keep you safer. We didn’t have the balls to fully come out with the statement / report  like he has.

Everything is listed in the coinmarketcap. USDt is Tether dollars. I think that you should use this site because there is always exactly indicated changes in the coin rates.

This is an analogue of the dollar, but in fact it is a cryptocurrency. They say it is very centralized, so I do not advise you to keep a lot of money in it.

usdt (tether) are tokens that are secured by the us dollar. A few months ago, there was a trial in America. Because of this, the court, the market fell so good

https://preview.ibb.co/ihuOQo/akucoin.jpg (https://ibb.co/h3KZWT)




New Trading Pairs Are Available on KuCoin

OCN/KCS, OCN/USDT, DRGN/KCS, CS/KCS trading pairs on KuCoin!

https://news.kucoin.com/en/new-trading-pairs-are-available-on-kucoin/ (https://news.kucoin.com/en/new-trading-pairs-are-available-on-kucoin/)

What kind of bullshit is this? tThere was no court. There was a subpoena that they ignored and made it so that US residents cannot use their exchange.

And they are Secured by nothing. NOTHING, do you understand that? That is why they will not allow an audit. So all you with bags of this shit better get ready when they cut and run.

USDT (Tether) is a cryptocurrency that is backed by the dollar and has a rate like the dollar. To translate the whole cryptoperthite in USDT front of the drawdown market is a great way to save and primnoid your capital

USDT can be transferred, stored, spent as bitcoins or any other crypto currency, users can store their savings in purses with support for Omni Layer: Ambisafe, Holy Transaction or Omni Wallet.

Before it's not yet proven that it is backed up by real dollar. But with the current reports that came out it says that they are real.

Source: Tether Cryptocurrency Fully Backed By US Dollars, Says Report (https://cryptobriefing.com/tether-cryptocurrency-backed-usd/)

A coin that has a certain price,constant. 1usdt =1$. It can't deviates more than 15% from the original coin. Is a stable coin

usdt is a cryptocurrency pegged to USD!
emission of usdt should be backed entirely by real dollars in a bank account!
but since now this isn't too much clear...
a study said that usdt is the cause of big pumps of BTC...

USDT- is the price or amount that really matters on crypto a back up funding, if there's no usd then we might have any other currencies that will represent. Right now we have the bitcoin pair based usd and other currencies that will use as back up!

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform

USDT and other Tether currencies were established to facilitate the transfer of national currencies or the fiat money to help users with a stable alternative to bitcoin and to give an alternative for exchange and wallet audits which is currently inaccurate.

Very slick wording, this in no way proves they were not pumping with fractional reserves and bought back when the price dumped. That line that an audit cannot be done is bullshit what it should read is "The bottom line if an audit is done it will be exposed that we scammed the market and are now solvent because of it". And FSS is not an auditing firm they are a lawyers firm.

So they greased some palms to buy some legitimacy when all they had to do was allow an accounting firm audit them which this was not.

https://www.freehsporkinsullivan.com/

AND this still does not address the issue that they do not guarantee that USDT will be accepted for USD. I'm not even going to bother to check if their site still says they will not honor usdt if they don't want to.

actually I also see USDT on Poloniex and Bittrex because when I read, USDT (USD Tether) is a cryptocurrency asset issued on blockchain Bitcoin, but in my opinion It is a 1-to-1 digital currency, created via omni platform and each usdt coin is backed by US dollars. I think this is one useful coin.

This is the tether cryptocurrency. This cryptocurrency is tied to the us dollar exchange rate, so you can use it if you want to stay neutral to cryptocurrencies that lose in value. And when the growth begins to exchange these coins for another cryptocurrency and make a profit.

USDT is first and foremost the opportunity that bankers give us, just think how cleverly they came up with such wrappers, which today give the opportunity to fix their deposits, it's after all happiness.

usdt - this is an extra reason to prove that the crypto currency is not a universal scam :D You can draw an analogy with gold and the dollar attached to it. (who knows will understand)
And they say that usdt is a same scam  :D :D

USDT is a Tether, which is a cryptocurrency
Tether was specifically designed to build the necessary bridge between fiat currencies and cryptocurrencies. Tether token can be transacted on popular cryptocurrency exchanges that include Binanace ETC.

USDT=USD, you only need to understand this, you don't have to go deeper.

I've read alot of stupid posts over the years but this one may be the most ill informed of them all.

USDT is the base unit (altcoin) for a general understanding of investors on crypto-exchanges - how much real money they can transfer to a purse purse. There was still no case for USDT to confirm its status as real dollars.

Folks, do you even focus on the date of the main post and all prevoius posts? As I would see it looks senseless and suspicious to knock so old strings.

It is a cryptocurrency with the blockchain technology which is linked with the currencies like usd, eur, jpy. It was declared that usdt is in parity with usd but usdt was a bit lower. You may trade this currency if you understand the movement of usd.

You could think of USDT as the replication of US dollar in the cryptocurrency market, an example would be a tether, the value of such coins are one dollar or very close to this to maintain the same number of coins as their market cap to keep an average of one.