Tether (USDT) ERC20/Omni Layer
Tether is a cryptocurrency the value of which is pegged to the U.S. dollar. This makes Tether one of the least volatile cryptocurrencies on the market, a type of coin also known as stable coin. By the nature of its lack of volatility and its one-to-one conversion rate to fiat, Tether carries a big advantage which other coins never had. One of the most luring consequences is that Tether is more appealing to trade with. Although there are other stable coins on the crypto market, it is safe to say that Tether is by far the most popular, having also major exchanges using it as a replacement to the U.S. dollar.
One of the most striking and unique characteristics of Tether is that it runs both on the Bitcoin and Ethereum blockchain. The protocol used on the Bitcoin blockchain is Omni layer, whilst the protocol used on the Ethereum Blockchain is ERC20. Since the two different versions of Tether run on two different blockchains they are not interchangeable.
Crypto APIs supports Tether ERC20 token
Crypto APIs supports Tether Omni layer.
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