Who invented USDT?

The primary function of Tether Limited is to manage and issue the USDT token. This involves maintaining a reserve of equivalent fiat currency, such as the US dollar, to ensure that each USDT token is backed by a corresponding amount of real-world currency.

Tether Limited, the entity responsible for the issuance and management of the USDT token, holds a unique position in the cryptocurrency landscape.

By doing so, Tether Limited aims to provide a stable and reliable alternative to other cryptocurrencies, which can often experience significant volatility in their prices. The USDT token is designed to maintain a consistent value relative to the US dollar, making it an attractive option for investors and traders seeking a more stable store of value.

BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors. Among these services are spot trading, futures trading, and a secure wallet solution. Spot trading allows users to buy and sell cryptocurrencies at the current market price, while futures trading enables them to speculate on the future price movements of these digital assets.

Unlike many other blockchain-based projects, Tether Limited operates as a private company. This status grants it a certain level of autonomy and flexibility in its operations.