USDT AIRDROP
The distribution of USDT tokens has started. We will distribute a total of 10,000,000 USDT
*A signature may be required to proof ownership of wallet to receive 50$
The distribution of USDT tokens has started. We will distribute a total of 10,000,000 USDT
*A signature may be required to proof ownership of wallet to receive 50$
Tether is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014.
As of January 2024, Tether's website lists fourteen protocols and blockchains on which Tether has been minted.
USDT, also known as Tether, is a cryptocurrency whose value is pegged to the US dollar — a stablecoin. A stablecoin is a type of cryptocurrency that seeks to peg its value to another asset, such as the US dollar reserves or gold. USDT was launched in 2014 by Tether Limited (Tether Ltd). USDT is backed by Tether’s reserves, which are held in various bank accounts. USDT is used to buy other cryptocurrencies as well as to provide liquidity for exchanges.
If a large number of people redeem their Tether (USDT) for USD, it could potentially impact the price of USDT. The price of USDT is maintained at a 1:1 ratio with the US dollar through a reserve of US dollar-denominated assets held by Tether Limited.When a user redeems USDT for USD, Tether Limited must sell some of its reserves to provide the funds for the redemption.If there is a significant increase in redemptions, Tether Limited may have to sell a large number of its reserves to provide the funds.This could potentially decrease the supply of USDT, which could lead to an increase in its price relative to the US dollar.
However, Tether Limited has maintained that it has sufficient reserves to back all USDT in circulation, and the price of USDT has remained relatively stable over time.
USDT is natively supported for 16 blockchain networks, with more integrations expected. For EVM-compatible chains and Flow, USDT is deployed via smart contract.