Tether (USDT) is what's known as a “Stablecoin” – a cryptocurrency designed to provide a stable price point at all times. The USDT cryptocurrency was created by Tether Limited to function as the internet's Digital Dollar, with each token worth $1.00 USD and backed by $1.00 USD in physical reserves..
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USDT is a quite particular cryptocurrency technically speaking. First, its operation is directed and orchestrated on the Omni protocol, that runs embedded on a blockchain. As a result, This cryptocurrency inherits the properties of the tokens of said blockchain and benefits from the capabilities it offers.
One of the main technical characteristics of USDT is given by the way in which the flow of money between tokens and fiat currencies is managed. This is a process that broadly can be divided into five stages. These stages have specific functionality and are as follows
