What is Tether - USDT and how it can help you save yourself during crypto bear market?

What is Tether - USDT and how it can help you save yourself during crypto bear market?
What exactly is Tether – USDT
Philip G. Potter and Giancarlo Devasini are the founders of Tether and it was founded in November 2015. When Tether kept its leg in the market, the market cap grew from $250,000 to around $1.6 billion today. Tether is available on Bitfinex, HolyTransaction, Omni Wallet, Poloniex, C­CEX, and more to come.

 Tether – According to their white paper.
“Tether is a digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of blockchains is an auditable and cryptographically secured global ledger. Asset­backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets. In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one­to­one reserve ratio between a cryptocurrency token, called tethers, and its associated real­world asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.” ...
To continue reading https://cointopper.com/guides/what-is-tether-usdt-and-how-it-can-help-you-save-yourself-during-crypto-bear-market.

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