LaneAxis is running wonderful giveaway to gift 1 of their follower(s) with $500 USDT Giveaway. To enter in their latest giveaway grab your free entries by following few simple steps listed down below!
About USDT Giveaway
USDT is a blockchain based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the poundsterling or the hindian rupee, which are held in a designated bank account. USDT tokens, the native tokens of the Tether network, trade under the USDT symbol.
Tether belongs to a breed of cryptocurrencies called stablecoins which aim to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies like Bitcoin and Ethereum. That would allow it to be used as a medium of exchange and a mode of storage of value, instead of being used as a medium of speculative investments.
Tether specifically belongs to the category of fiat collateralized stable coins. This means that a fiat currency like the US dollar, the euro, or the yen, backs each cryptocoin in circulation. Other stable coin categories include crypto-collateralized stable coins, which use cryptocurrency reserves as collateral, or non-collateralized stable coins. Non-collateralized stable coins don’t have any collateral but operate in a way similar to that of a reserve bank to maintain the necessary supply of tokens, depending on the economic situation.
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