Trade USDT to USDC on Beaxy

Released back in July 2014, Tether was originally-known as RealCoin. In November the same year, the company Tether Ltd. renamed it to Tether. The company is the one that maintained the reserve amounts of fiat currency. Trading only commenced for Tether in February 2015.
As already mentioned, Tether is classified as a collateralized stablecoin. Traditional currencies such as the US dollar, the Euro, and the Yen back each USDT in circulation.
Tether's developer created the platform and the coin with the primary aim of building the discrepancy between fiat currencies and digital currencies. What Tether's system is stable, willfully transparent, and charges the smallest transaction fees to its users.
The USDT is set firmly against the U.S. dollar and ideally equal value ratios with the U.S. dollar. While this is the case, it must be noted that Tether Ltd. does not guarantee the right of redemption or exchange of the USDT for actual money. This means that the USDT token cannot simply be exchanged for U.S. dollars.
Analytical data gathered across the cryptocurrency market show that almost all Bitcoin trading is administered through Tether. This strongly suggests that this stablecoin is a huge source of liquidity for the digital asset industry. PROCESSES AND RISK MITIGATION The risk of acting as a third party back up is countered by the implementation. This effectively makes auditing for fiat and digital assets less complicated. While this is the case, Tether makes for a more secured, wholly-provable, and transparent auditing process. TECHNOLOGY STACK Tether's technology stack is composed of 3 layers and has a myriad of features. The layers are detailed here: 1. THE BITCOIN BLOCKCHAIN The platform's transaction ledger is driven into Bitcoin. The blockchain acts as meta­data through the full integration of Omni, the consensus system. 2. OMNI LAYER PROTOCOL
This technology is foundational and is capable of:
2.1. Creating and destroying digital coins acting as meta­data in the BTC blockchain. The digital coins, in this case, is the USDT which are, as already foregrounded, fiat­-pegged.
2.2. Keep track and submit USDT circulation for the report through Omnichest.info and the Omnicore API.
2.3. Allow users to both make transactions and keep USDT tokens along with other assets or tokens in:
2.3.1. a Peer-to-Peer (p2p), pseudo­anonymous, or cryptographically secure environment.
2.3.2. an open­source, browser­based, or encrypted web­wallet like the Omni Wallet.
2.3.3. a multi­signature and offline cold storage­-supporting system 3. TETHER LIMITED
This is Tether's business arm that accounts for:
3.1. Taking in of fiat deposits and issuing of USDT tokens
3.2. Sending fiat withdrawals and the refusing of tokens
3.3. Fiat reserves that support all USDTs in circulation
3.4. Reportage of Proof of Reserves and other equally-essential audits
3.5. Initiation and management of integrations with extant Bitcoin/blockchain wallets, exchanges, and merchants
3.6. Tether.to's operation. This is Tether's web­wallet that facilitates convenient sending, receiving, storing and conversion of USDT tokens. FLOW OF FUNDS: 5 STAGES
A USDT token's life cycle is made up of 5 stages: Stage 1: Deposit of fiat currency by the user to Tether Ltd.'s bank account. Stage 2: Tether Ltd.'s generation and reflection of USDT tokens in the user's Tether account. In this stage, the USDT tokens begin circulation. Naturally, given the nature of this stablecoin, the amount of fiat currency that the user deposits will equal that of the Tethers the user issues. Stage 3: Here, users transact using the tokens. In this stage, the user would be able to transfer, exchange, and store the tokens through the storage systems mentioned before. Stage 4: Here, the user will deposit tokens through the Tether Limited that users can apply for redemption into fiat currency. Stage 5: Finally, in this stage, Tether Ltd. destroys the USDT tokens and reflects fiat currency to the client account. ACQUIRING TETHER OUTSIDE THE 5 STAGES
While it may appear that this process is the only way in which Tether users would be able to obtain USDT tokens, these can still be acquired extraneous of it through an exchange or another user.
When a token goes into circulation, trading it freely between any business is allowed. Bitfinex, a crypto exchange company, is one of the sources that a user can acquire and exchange USDT tokens. It must be noted though that Tether Ltd. is the only entity capable of creating these tokens and issue them into or take them out of circulation. PROOF OF RESERVES
Phrases like "Proof of Solvency", "Proof of Reserves", "Real­Time Transparency", and the like have gotten traction in the digital trading industry as exchange and wallet audit in the trade have been found to be unreliable. This is due to the high incidences of insolvency through online misdemeanors such as hacking and outright fraud or mismanagement. As such, due diligence is needed in keeping up with security threats.
Enter Tether’s Proof of Reserves configuration. This configuration is interesting in that it makes the process of proving the total liabilities easy. Through this, it is always ensured that the fiat currency held is always backed up sufficiently.

USDT tokens can be mined. Of course, extensive research is needed prior to execution. A user interested in mining Tether should look into the compatibility of his or her set up for profit generation.
The current price of USDT must always be taken into consideration as these factors into the worth of having to set up a mining rig.
In general, ASICs are the most powerful hardware for mining. However, it is really pricey. Should one choose to mine with a personal computer, a GPU will not be able to render a large turnout. Also, a factor is the number of miners that affects not only the mining difficulty but also the demand for higher hash rate.
The best way to mine Tether is through ASIC rigs. These are hardware composed of a motherboard, an ASIC chip, and a cooling system. ASIC is the best way to mine Tether as it is built for the sole purpose of mining cryptocurrencies. The hardware goes into the process by solving cryptographic puzzles. One gets paid for this investment within the first months.
Bitcoin also employs ASICs in mining BTC; it has been doing so for a long time. As this is the case, it had already been established that mining with a GPU is useless.
However, it should be pointed out that GPUs are still better at managing parallel processing compared to CPUs. The cryptographic puzzles to GPUs appear simpler, making it easier for it to solve.

SECURITY Back in November 2017, it had been reported that Tether had been hacked of $31 million worth of Tether tokens. After this, a hard fork was done. It had met another challenge in January 2018 as the required audit to account for the number of world reserve had not been conducted. Tether had made it public that it severed its ties with the auditing firm after the regulators had filed a case against it. As such, users who trade USDT are at the fence with their assessment of the digital asset's security. LACK OF TRANSPARENCY Meanwhile, in April 2019, iFinex Inc., parent company to Tether Inc. and Bitfinex operator, had faced allegations from New York Attorney General Letitia James of concealing a total loss of $850 million dollars of the co-mingled client and corporate funds from investors. Court filings stipulate that a turnover of these funds to the Panamanian entity, Crypto Capital Corp. without the validity of a written agreement taking place. In addition, Bitfinex had been accused of taking $700 million from Tether’s cash reserves in an effort to hide the gap created by the missing cash this case ultimately places the reliability and trustworthiness of Tether's reputation. EXCHANGE NOT GUARANTEED While it is apparent that USDT is in equal standing in value with the U.S. Dollar, a user must note that Tether Ltd. does not guarantee either right of redemption or exchange of the USDT token for actual cash. IMPLEMENTATION WEAKNESS Tether Ltd. itself admitted that the system's implementation is weak in that it does not automatically create a wholly "trustless" digital coin system. For this to happen, users should trust Tether Ltd. first, with its legacy banking institution be made into the reserve assets’ custodian. But the matter stands that a majority of exchanges and eWallets should they hold USD and fiat currencies fall into the same weaknesses which may result in bankruptcy, insolvency, frozen funds, or absconding of reserve funds.