INSUBCONTINENT EXCLUSIVE:
Tether is a crypto token that is "built on top of open blockchain technologies."As more people across the world are warming up to investing
in cryptocurrency, it is important to keep oneself abreast of the various terms that define the ecosystem
Given that cryptocurrency is a relatively new mode of financial transactions, it is easy to get confused with constantly emerging
information about digital assets
One common error that most people make is confusing cryptocurrency with crypto tokens
While they may appear similar and are an intrinsic part of the crypto markets, they are different from each other
Both are digital assets, however, cryptocurrencies have their own blockchain
Meanwhile, crypto tokens are built on an existing blockchain.Here are some popular crypto tokens that you should know about:1.TetherTether
blockchain technology provides
It converts cash into digital currency and is a stablecoin
United States Dollar CoinUnited States Dollar Coin (USDC) is an Ethereum-based stablecoin
The crypto-token was launched in 2018
Uniswap (UNI)Uniswap is popular among crypto traders for its ability to facilitate the automated trading of decentralised finance (DeFi)
Binance USDBUSD is a 1:1 USD-backed stablecoin and is a popular digital token given its approval by the New York State Department of
BitcoinWrapped Bitcoin is a digital token version of Bitcoin
Its prices are pegged to Bitcoin at all times as it is backed by Bitcoin at a 1:1 ratio
It also allows traders to transfer liquidity between Etherum and Bitcoin
This transfer is enabled by Wrapped Bitcoin in a decentralised and autonomous manner.
