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Ether is one of the cryptocurrencies called stablecoins with the highest market capitalization that currently exist.
Its main characteristic is that its value is backed by a fiat currency with which it maintains parity, which is why it is called stablecoin or stable currency.
Every USDT issued on a network is in theory backed by the original currency, each token is issued if a user deposits USD into the Theter Limited bank account and this protects its creation.
The USDT token can be issued on the following networks: Bitcoin, Ethereum, EOS, Tron, Algorand and OMG Network.
Tether is a cryptocurrency whose issuance model is based on physical backup and the burning of tokens. The only entity that is responsible both for generating new tokens and for taking them out of circulation is the company Tether Limited. The new USDT tokens are issued when users deposit American dollars into the company's bank accounts.
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