🪙 USDT – Stability in the world of cryptocurrencies 🪙
USDT (Tether) is one of the most popular stablecoins on the market. What does this mean? Its value is pegged to the US dollar (USD) at a ratio of 1:1. In other words, 1 USDT = 1 USD (at least theoretically).
💡 Why do people use USDT?
✅ Stability: Unlike other cryptocurrencies whose prices fluctuate (e.g., Bitcoin or Ethereum), USDT serves as a safe haven.
✅ Fast transactions: USDT operates on multiple blockchains (Ethereum, Tron, Solana...), so transfers are quick and inexpensive.
✅ Popular on exchanges: Many traders use USDT to enter and exit positions without the need to convert cryptocurrencies back to fiat.
✅ Reducing volatility: A suitable tool for protecting profits during market downturns.
❗️ What to watch out for?
Even though USDT is stable, there are discussions about whether it is always 100% backed by dollars. It's always worth doing your own research (DYOR) and diversifying wisely.
