1.TEDA currency:
1.USDT is TEDA currency, a virtual currency linking cryptocurrency with legal tender USD, and a virtual currency deposited in foreign exchange reserve account and supported by legal tender USD. Tether (USDT), the stable currency of the US dollar, is the eighth largest cryptocurrency in the world by market value, but some people think that it should be regarded as the largest currency. Teda Dollar (USDT) is a dollar-based token with stable currency introduced by TEDA Company. USDT 1 USD = 1 USD. Users can exchange USD for USDT at any time.
On September 24th, 20021year, the People's Bank of China issued a notice to further prevent and deal with the speculative risk of virtual currency transactions. The notice pointed out that virtual currency does not have the same legal status as legal tender. The main characteristics of virtual currencies such as TEDA coins are that they are issued by non-monetary authorities, use encryption technology and distributed accounts or similar technologies, and exist in digital form. They have no legal compensation and should not and cannot be circulated in the market as money.
Second, the characteristics of TEDA currency:
1. A stable currency
Tether converts cash into digital currency, anchoring or linking the prices of national currencies such as US dollar, euro and Japanese yen.
2. 100% people support it.
In our foreign exchange reserves, traditional currencies always support each currency at the price of 1 to 1. So $ 1 _ is always equal to $ 1.
3. transparent
Our foreign exchange reserves are published every day and subject to frequent professional audits. Everything in circulation always matches our reserves [1].
4. Blockchain technology
Tether platform is built on the basis of blockchain technology, using the security and transparency they provide.
5. Extensive integration
Tethers are the most widely used digital legal tender. Use tethers in Bitfinex, shapUNK, GoCoin and other exchanges.
6. Safety
Tether's blockchain technology provides world-class security while complying with international compliance standards and regulations.
The biggest feature of USDT is that it is equivalent to US dollars, 1USDT = 1USD. Make it a good hedging tool in the turbulent cryptocurrency market.