"What is USDT? How does it work?"
đĩ What is USDT (Tether)?
USDT is a stablecoin that is always pegged to the value of 1 US dollar. It was created by a company named Tether.
đ¯ What does stablecoin mean?
A stablecoin is a type of digital coin whose value remains stable, as if you are transacting in dollars or other fiat currencies.
đ Features of USDT:
â 1 USDT â 1 USD
â The most widely used coin in the crypto market
â Transactions can be made quickly
â Traders use USDT to take profits or stay safe when prices drop
đ How does it work?
When you trade on Binance, you often sell BTC or ETH to get USDT, so you can save your profits when the market falls.
đ Who needs it?
For new crypto users
For those who fear losing money
For those who trade regularly
đ Simple tips:
đĒ If you receive 50 dollars as a gift or in cash, keeping it in USDT will maintain its value.
đĨ Then you can use it for Binance Earn or P2P.