How Tether is changing the cryptocurrency market and ALX is protecting your investments from risk.
What is Tether and its benefits
Tether (USDT) is one of the most popular stablecoins in the world, developed by Tether Limited. The main advantage of USDT is that its value is tightly pegged to traditional currencies such as the US dollar (1 USDT ≈ 1 USD). This makes Tether a convenient tool for traders, investors and businesses working with cryptocurrencies.
History of Tether’s creation
The first ideas of stablecoins appeared back in 2012. Programmer J.R. Willett proposed the concept of new tokens based on the bitcoin blockchain. In 2014, a team of experts launched a project called Realcoin, which was later renamed Tether.
The developers’ goal was to create a secure and stable token backed by real assets. The founders emphasized that each token was backed by reserves in a 1:1 ratio. This gave the market confidence and became the basis for the widespread adoption of USDT.
How does Tether work?
Tether operates on multiple blockchains including Ethereum, Tron, Polygon, Solana, and others. Here are the main stages of using a stablecoin:
- The user sends fiat money to a Tether Limited account.
- The company creates an equivalent amount of USDT and transfers it to the user.
- USDT can be freely used for settlement, trading and storage.
- When a user wants to exchange USDT for fiat, the company burns a corresponding amount of tokens.
What is Tether secured by?
Tether tokens are backed by assets such as:
- Cash and cash equivalents.
- U.S. Treasury bills (80% of reserves).
- Precious metals and bitcoin.
- Short-term bank deposits and corporate bonds.
The company actively publishes reserve data, demonstrating transparency and credibility.
Tether and new horizons of development
In 2024, Tether’s capitalization exceeds $100 billion, making it the largest stablecoin on the market. In addition to its financial projects, Tether invests in bitcoin mining, development of blockchain solutions and improvement of internet infrastructure.
ALX is your hedge against cryptocurrency volatility
To minimize the risks associated with sharp fluctuations in cryptocurrency prices, we offer an innovative index token ALX. This instrument is ideal for those who want to keep their portfolio stable by taking advantage of stablecoins and a broad basket of cryptoassets.
Benefits of ALX:
- Reducing volatility risks.
- Transparency through indexation by key assets.
- Ease of investment management.
Visit our website and make ALX a part of your financial success!