Tether has been doing a great job in bringing real world currency to the blockchain.  Those who are looking to spend their Tether (USDT) can use the BlockCard for their purchases.

Several publications covered for why 2020 has been the year of Tether.  They have given several reasons like why listing Tether USDT as one that bridges the gap between crypto and fiat, where it has done a great job of dealing with the flaws in fiat currencies.  Several online casino platforms have supported Tether payments.  And, this has already made Tether popular.

According to Tether, during these uncertain and challenging times, the utility, security and viability of the digital currencies have come to the forefront. Further, people are looking for alternatives to their antiquated banking and payment systems.

Tether is well established as the most liquid and technologically innovative stable Coin, Tether has also served to be the prime example of how the global markets will be able to operate very efficiently when they leveraging blockchain technology.  It also represents the payments rail, which has been actually built for the future of business and innovation.

The literal meaning of Tether is “A rope, chain, or the like, by which an animal is fastened to a fixed object so as to limit its range of movement. The utmost length to which one can go in action; the utmost extent or limit of ability or resources.”

Therefore, Tether (USDT) as a stable coin does the job of tethering the value of fiat cash by converted it to digital currency. The idea is to provide a stable cryptocurrency that can be used like a digital dollar.  Tether is a fiat collateralized stable currency. It is hard pegged to the USD, which means at any point in time 1 USDT is equal to the value of 1 USD.

Sydney Ifergan, the crypto expert opined:  “I like the idea of being able to spend Tether (USDT) using the Blockcard – literally anywhere major credit cards are accepted. Good for spends.  Makes Sense.”

Tether (USDT) BlockCard Visa

Majority of the Tether are on the Ethereum Blockchain and the rest are on the Omni and TRON block chains.  The value will always be equal to or greater than the amount of Tether Issued.

According to Tether, these reserves that back the stable coin can be held as a combination of currency and cash equivalents.  And, from time to time may include other assets, and receivables from loans made by Tether to third parties. However, unlike, other fiat collateralized currencies like the USD coin does not conduct regular audits to confirm the value of these reserves establishing that it does in fact match the amount of Tether in circulation.

BlockCard is a Visa Debit Card, which makes purchases from anywhere Visa is accepted. Although BTC remains number one in terms of market cap, Tether has surpassed in terms of the most frequently traded cryptocurrency. Tether is supported by BlockCard, so you can fund it to use your BlockCard account and make purchases wherever visa is accepted.  You can register for the BlockCard account for free at BlockCard.