Create A Stablecoin Like Tether
In the crypto world, stablecoins are becoming very famous because it safeguard the cryptocurrency price fluctuation in many ways and also provides various advantages for utilizing it. The best and the familiar example for the stablecoin in the market is Tether. Here we are going to see what is Tether and how it works and what all benefits it aid to achieve by the best stablecoin development company, Developcoins.
What is Tether?
Before knowing about the Tether, it is best to have good knowledge about the stablecoin, since Tether lays under the stablecoin category. Tether origin is a blockchain-based cryptocurrency and that is pegged with the real-world asset of traditional fiat currencies like dollar, euro, Japanese yen, etc. Tether tokens are then used in the crypto market for trading or for any other purpose. The symbol of the stablecoin Tether is USDT and the thing that should be noted about the Tether is, it is the very first stablecoin.
This famous Tether is launched in the Bitcoin blockchain and it uses the Simple Ledger Protocol (SLP) for the technical necessaries.
What are the Purpose & Types of Tether?
The sole purpose of any stablecoin is to stabilize the value of the wavering crypto value at any means. So, it brings the idea of what will the designed goal of stablecoin Tether USDT. The Tether token is pegged with the US dollar and its aim is to maintain a 1-to-1 ratio with that US dollar in terms of value. This incredible Tether is also available in other formats or types based on the asset-backed with it and they are,
- USD Tether (USDT) - peg with US dollar
- Tether Euros (EURT) - peg with Euro
- Tether Gold/XAUt - peg with gold
Latest News & Marketcap of Tether
On writing this blog, the very latest attractive update on the stablecoin Tether is, now the Tether is pegged with the Chinese currency Chinese Yuan CNH too and now it is launched for the exchange or trade, which is symboled as CNH₮.
And the current market cap of the Tether on this blog writing is here,
Benefits of Tether (USDT)
As it is already known, Tether is an asset-backed stablecoin and used to stabilize the cryptocurrency, it also provides other benefits like,
- Good-long term investment
- Easy Exchange
- Reliable & highly secured
- It is 100% backed and stable
- Minimum Transaction fee
- The deposit can be made free
Create Your Own Stablecoin like Tether
After knowing well about the Tether, peoples will be eager to create a stablecoin as same as tether from the well-vast experienced stablecoin development company, Developcoins. It offers end-to-end stablecoin development services from scratch and it is supreme in providing tether like token and can be used for various purposes based on its design and goal. The stablecoins developed by Developcoins are the top-best because stablecoin is created by the top-notch blockchain developers using the latest technologies and tools.
General Process of Developing Stablecoin by Developcoins
Here are the general steps of creating a stablecoin like Tether, which is followed by the Developcoins to provide the effective blockchain asset-backed stablecoin for usage. The stablecoin developing process includes the following steps,
A proper Business consultation - where the sole purpose of the creating stablecoin is decided
White Paper - This includes all the works related to creating stablecoin from scratch to the launch
Technical Design - Where stablecoin symbol, design, value, technology, tool and all other things are decided.
Development - The stablecoin is developed by the best blockchain expertise.
Testing & Development - The completely developed stablecoin is tested for the launch and trade or exchange and the necessary steps are taken if anything lacked.
Marketing & Support - The last final stage of the stablecoin is launching it in the market and provide very good support.
Why choose us?
As have said before for the stablecoin development Developcoins is the right choice because it has long-last experience in providing blockchain and cryptocurrency development platform which made them to provide end-to-end stablecoin development services at an affordable cost all over the globe. Know much more benefits offered by the Developcoins for developing the stablecoin with us, they are,
- Use the latest tools & technologies
- Globalized service
- 24/7 support
- Highly secured stablecoin
- Experienced Developers
- Use the latest strategy while launching token in the market
- Cost & time effective
- The token can be pegged with any currency it can be backed with
- Smart Contract & WhitePaper service available as default
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