Tether

Tether (TTH)

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Overview

Symbol:
TTH
Description:
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.

Details

Platform:
Ethereum

Team

Members:

Jl Van Der Velde - CHIEF EXECUTIVE OFFICER

Giancarlo Devasini - CHIEF FINANCIAL OFFICER

Stuart Hoegner - GENERAL COUNSEL

Tether News

Tether Integrates OMG

Tether has finally integrated OMG’s More Viable Plasma with the token now benefiting from second layer scalability. “The integration will… read more
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Disclaimer
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