Maindivider Newsdivider Tether USD (USDT) - what is it and how is it different from USD?
image

Tether USD (USDT) - what is it and how is it different from USD?

Newcomer
calendar 17-07-2023

Tether (USDT) became the first stablecoin to appear on global cryptocurrency markets and became the leading "stable" cryptocurrency backed by the US dollar (USD).


 Tether (USDT) is a US dollar-backed digital currency based on blockchain technology. Anyone with a cryptocurrency wallet and an internet connection can use USDT. This currency is backed by US dollars, which are held by Tether Limited in bank accounts (regular audits of the USDT security in these accounts) and pegged at a 1:1 rate.


 The company can issue 1 USDT only after it receives 1 dollar in its bank accounts.


 Tether USDT can be used for the following purposes:


 ✔️ Cryptocurrency trading

✔️Deposits ✔️Lending ✔️International transfers of own funds The key differences between the US dollar (USD) and the stablecoin USDT are: ✔️ Decentralization ✔️ Scope of use ✔️ Spread in the field of cryptocurrencies ✔️ Commissions during use


 For many years in a row, users have noted that using Tether (USDT) is more convenient and profitable than fiat dollars.

Share the post

License

Welcome to BitCapital - your trusted partner in cryptocurrency loans. Our registration documents.
BitCapital strives to provide safety and reliability for our customers, so we use advanced technologies to protect your financial data. You can be sure that your personal data will be securely stored.

Contact us today and get access to fast and reliable financing in the world of cryptocurrencies.
EN
arrow dropdown