Tether is a blockchain-enabled platform launched in 2014 to make it easier to use fiat currency digitally. Every USD-pegged Tether token (USD₮) is pegged to the dollar one-to-one; therefore, 1 USD₮ is always valued at 1 USD by Tether.
Tether uses a more modern approach to money to disrupt the traditional financial structure. It has made strides by enabling clients to transact with traditional currencies via the blockchain while avoiding the inherent volatility and complexity of digital currencies. Being the first blockchain-enabled platform to enable the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border blockchain transactions.
What are the available Tether Tokens
Note: The Tether tokens listed below are supported on Bitfinex.
- USD-pegged Tether Tokens (USD₮);
- EUR-pegged Tether Tokens (EUR₮);
- CNH-pegged Tether Tokens (CNH₮);
- Gold-pegged Tether Tokens (XAU₮);
- MXN-pegged Tether Tokens (MXN₮).
Bitfinex users with Intermediate and higher-level of verification can freely deposit, and withdraw Tether tokens. Whereas, users at any level of verification can trade Tether tokens on the various available trading pairs on our platform.
You can learn more about fiat withdrawal on How to make a Bank Wire Withdrawal at Bitfinex.
If you have any questions, please feel free to reach out to Bitfinex Support. We are happy to help!