What are Tethers?
Modified on: Wed, 6 Dec, 2017 at 2:16 AM
Tethers are a new type of digital currency, built on the Omni Layer on Bitcoin. Every tether is backed 1-to-1 by traditional currency held in Tether Limited’s reserves. So 1 USD₮ is always equivalent to 1 USD. LiqNET lets you receive USD₮ from a Bitcoin blockchain address and treat them as a USD deposit. Similarly, you can withdraw funds to a Bitcoin blockchain address as USD₮. Learn more about the benefits of using tethers here.
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