Tether Stable Currency is based on the (Proof of Funds) concept.  Tether does the job of converting cash into digital currency to anchor or tether the value to the price of national currencies like the Euro, USD, and Chinese Yuan.

Every Tether is always 100% backed by resources.  The backup reserves consist of traditional currency and cash equivalents and other assets and receivables from loans which are made to Tether third parties.  This will also include affiliated entities that are collectively known as reserves.

Since Tether is pegged 1 to 1 to the USD, 1 USDT is always equal to 1 USD at Tether.  The reserve values are published every day to ensure transparency.  They ensure that the value of their reserves exceeds the Tether in circulation.

The Tether platform is built on the top of open blockchain technologies that leverage the security and transparency facilitated by clients — Tether functions in compliance with international compliance standards and regulations.

Tether USDT as money for the internet can be used in the ecosystem facilitated by Blockchain companies, exchanges, and individual traders.

Sydney Ifergan, the crypto expert, tweeted:  “Tether facilitates the modern movement of money. Bitfinex, Poloniex, Ambisafe, Changelly, and several others are the USDT industrial supporters.”

Tether facilitates to add more value to the business, and investors can reap the rewards of stable currency on the blockchain.

The unlimited currency possibilities with Tether provides for a stable digital currency solution for businesses that integrate with Tether. Integrating with Tether is an easy set with complete infrastructure support.

Tether USDT Collateral for BTC Futures

Users were permitted to trade BTC futures with USDT collateral beginning April 14, 2020, at Singapore-based Delta Exchange.  Due to fears of economic recession, there is surging demand in the cryptocurrency industry for stable digital currency.

There has been a shift in the trader’s preference to hold USDT as opposed to holding BTC.  This is happening when the market is not clear about its price direction, particularly the short term and long-term directions.

Considering the market conditions, Delta Exchange has felt that the timing is apt to provide USDT settled contracts.

Pankaj Balani, Delta Exchange CEO, stated that, since 2017, they had seen an emerging pattern in the derivative market where USDT is the dominant pair. Several new investors are willing to enter into the cryptocurrency derivatives market from the traditional markets.

Considering the demand from institutional users, Delta exchange is working to facilitate USDT-settled quarterly futures.