USDT is considered the most popular stablecoin in the crypto world. Tether was created in 2014 as a counterweight to well-known digital currencies like bitcoin and ether. The main feature of the “stablecoin” is the peg of the value to the dollar. Therefore, its volatility tends to zero – at least in theory.
Many users bet on stablecoins precisely because of price stability, and investors use them to enter the crypto market, purchase other coins such as usdt to matic, and hedge risks.
Tether: Features and Benefits
Tether belongs to the stablecoins that are hard-pegged to the US dollar. The presence of guaranteed collateral increases the reliability of this currency.
It should be noted that the “stablecoin” is not mined. But if you keep some Tether in your wallet, you can use staking to increase your holdings. However, this feature is not available for every digital wallet. Therefore, users seeking to earn USDT need to carefully study the functionality of the chosen cryptocurrency wallet.
This coin has undeniable advantages:
- Sufficiently high transaction speed and budget commissions. The mentioned properties ensure the efficiency of sending and receiving coins. USDT is an ideal way to make a dollar transfer with minimal costs.
- Low volatility. The cost of the token is pegged to the dollar, so its exchange rate practically stands still. Very often, investors choose Tether as a capital storage tool.
- Transparency. The creators of the USDT claim to control the consistency of the balance of client accounts with the amount of money in the vaults.
- High level of protection against external influences. The developers of Tether used the most modern blockchain technology to secure the network.
USDT exchange is possible in many ways – from which everyone can choose the most convenient and profitable option. Therefore, it is better to choose services that have been verified by millions of users than to resort to dubious methods, such as direct exchange with users of forums and social networks – there is a high risk of fraud. Exchanges, exchangers, and other resources should also be chosen wisely.
On cryptocurrency exchange services, you can exchange USDT for any other cryptocurrency and exchange other xtz to eth crypto pairs.
Use the calculator to check the price of any crypto asset concerning Tether. The converter will automatically provide you with the best offer.
Enter the desired amount of USDT. You will immediately see the equivalent amount of the cross-digital currency. You can view all USDT exchange rates by selecting the desired cryptocurrency from the drop-down menu. Click the “Exchange” button for USDT after selecting a cryptocurrency from the list. Next, you will be able to quickly complete Tether transactions and sales.
To sell Tether and get another cryptocurrency, you need a wallet that supports the selected cryptocurrency.
Where to Store USDT Cryptocurrency?
Since the stablecoin created by Tether can be transferred across different blockchain networks, there are separate wallets for USDT for each token. There is, of course, a standalone Tether wallet app called Tether wallet. It can be downloaded and installed on a mobile phone running Android or iOS. This digital wallet is relatively easy to use and provides a high level of security. Users registering for the first time should enter their data very carefully.