Tether and Bitfinex provide real-world currency on the blockchain

Monday 19 January 2015 09:55 CET | News

Tether, a real-world currency platform built on the Bitcoin blockchain, has been integrated on Bitfinex, a USD digital currency exchange.

Verified exchange clients can now fund accounts and withdraw USD balances without using traditional financial institutions.

Tether aims to accelerate the adoption of blockchain technologies by enabling individuals to use the currencies with which they are familiar on a decentralized network. Users of Tether leverage a secure platform that allows deposited USD (and soon EUR, CNY and others) to be converted into Tether currency on a 1-to-1 basis and held in their online or offline wallet.

Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified via the website and on the Blockchain.

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Keywords: Tether, Bitfinex, real-world currency, digital currency, online payments, blockchain
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3

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