What is the market value of the cryptocurrency Tether on February 25?

Tether, the cryptocurrency A type of stablecoin that has each of its tokens backed by US dollars, it is issued by Tether Limited and since its inception has been involved in various controversies.

pregnancy It was the first stablecoin to exist. It was launched in 2014 by businessman Reeve Collins. Bitcoin investor Brock Pierce; And developer Craig Steelers. Since then it has become the most important in terms of market value.

Tether was originally available through the Omni Layer, but can now be accessed over multiple tiers Block chains. With consent Tether Limitedyou can switch between USD and Tether, a mechanism that helps keep the stablecoin stable.

The Tether Limited network, in turn, is controlled by the owners of the Bitfinex cryptocurrency exchange, which the company has accused New York City Attorney's Office To use Tether funds to cover $850 million in funds lost since mid-2018.

Cord quote for Today it is $1,000,305That is, the cryptocurrency reported a change 0.06% percent.

On the other hand, it recorded a change of 0.04% compared to 08:30 (UTC) of this day. As for him popularityis located at position number 3.

Cryptocurrency is a digital medium An exchange that does not exist physically and uses cryptographic encryption to ensure the integrity of its operations, while maintaining control over the creation of its new units.

Bitcoin was the first currency to be launched in the market, then it was followed by other currencies that were also of great importance such as litecoin, ethereum, IOTA, tether, Cash, Ripple, Decentraland, and even some born from memes like dogecoin.

Cryptocurrencies have different elements that make them unique: they are not regulated by any institution; No need for third parties in transactions; And Always use accounting blocks (blockchain) To prevent the illegal creation of new cryptocurrencies or modification of transactions that have already been made.

However, since there are no regulatory bodies such as a central bank or similar entities, they are clearly identified as Unreliability, volatility, promoting fraud, lack of a legal framework that supports its users, and allowing the operation of illegal activities, among others.

Although it may be a paradox, cryptocurrencies at the same time guarantee security to miners regarding the network they are in (the network) which includes code management; Breaking this security is possible, but it is not easy to achieve, because whoever tries to do so must have greater computing power than even Google itself.

You can get and exchange them Through specialized portals. Its value varies according to supply, demand, and the commitment of miners, so it can change faster than traditional money, but the more people are interested and want to buy a particular currency, the higher its price.

However, whoever invests in this type of digital asset should be very clear that this format It brings with it high risks to capitalWell, just as it can have a surge, it can also crash unexpectedly and wipe out its users' savings.

To store it, users must have a file Digital wallet or walletIt is, in fact, a program through which cryptocurrencies can be saved, sent and dealt with. In fact, this type of wallet only stores the keys that indicate a person's ownership and right to a particular cryptocurrency, so it is these tokens that actually need to be protected.