What is Tether?
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For the months of May, June, and July of 2020, we will give you a 0.5% extra credit per month on your average daily USDT balance*, deposited in your account at the start of next month. You’ll earn a small return on your USDT balance, on top of any trading profits you make.
A stablecoin equal to the US dollar.
- Tether is always 100% backed by reserves, which includes traditional cash and cash equivalents. Every Tether is also 1-to-1 pegged to the United States dollar, so 1 USDT is always valued by Tether at 1 USD.
- The value of Tether reserves are published daily on their website. The value of these reserves matches or exceeds the value of all Tethers in circulation. This makes the stable coin incredibly secure and transparent.
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* The USDT balance in your account will be calculated daily at a time determined by ZebPay. At the end of each month (May, June, and July 2020), we will take a simple average of your daily balances and multiply that value by 0.5%. That amount of USDT will be credited to your account within the first week of the following month. If you have a pending order at the time of the calculation, that order amount will not be deducted from your balance.