Tether is calculated in Lira, Tomans, Dollars and other popular currencies of the world. Currently, Tether is one of the most popular currencies in the world for exchange, and its stable value is the reason for its popularity. This popular stablecoin has taken the fourth place after Bitcoin, Ethereum and Ripple. The stability of this currency means that it does not have much risk and does not change much in price.

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It should be noted that it is not possible to extract this digital currency by miners, and for each unit of it, one unit of currency such as dollars is stored. Unlike currencies like Bitcoin, the supply of this cryptocurrency is unlimited. This cryptocurrency can be obtained from exchanges and you can buy it after opening an account and increasing your account balance.

How Tether works

Tether is a popular digital currency known as a digital token. But you may have a question, what is a token? In the digital currency market, a currency that is active on other blockchains is called a token. Tether is also a token because it is active on other blockchains such as Bitcoin, Liquid, Ethereum, Ios, Tron, Algorand, etc.

In contrast, any currency that has its own blockchain is called a coin. The Tether company claims that it has one dollar in its reserves for each Tether available in the digital currency markets, and this is the reason for its stability, and the price of each Tether is approximately one dollar.

How to buy and sell Tether?

Due to the sanctions, it is very difficult for Iranian users to buy Tether, and many exchanges have closed the accounts of Iranian users, but Iranian users can easily buy from reputable Iranian exchanges in rials or with MasterCard or Visa. Buy digital currency cards from exchanges that still allow their Iranian users to buy and sell. Of course, this option is not very safe and there is a possibility that your account will be blocked.

You might think that if the price of Tether is fixed, why would some people buy it? This digital currency replaces the dollar and other fiat currencies and has a low fee, which makes it easy for companies to use it for their transactions all over the world. Sanctions conditions, high safety, easy conversion to other digital currencies, etc. are among the advantages of buying this digital currency.