$USDC (Tether) remains the dominant stablecoin in the cryptocurrency market, providing liquidity on many trading platforms. Its peg to the US dollar ($1:1) is key, although there are occasional speculations regarding its backing. Currently, USDT is widely used for locking in profits, trading between different cryptocurrencies, and as a means for quickly moving funds between exchanges.
๐นBe cautious with arbitrage based on short-term deviations from the peg: Although USDT aims to maintain stability, minor deviations from $1 can occur during periods of high market volatility. Trading on these short-term fluctuations can be risky.
๐นConsider the counterparty risks: When using USDT on a specific exchange, you also bear the risks associated with that exchange. Distribute your assets among several reliable platforms.
๐นStay updated on news and regulatory changes: Regulation of stablecoins is an active area, and any changes could impact USDT and its usage.
๐นUSDT was one of the first stablecoins, launched back in 2014 (initially under the name #Realcoin)
๐นDespite periodic doubts about its full backing by US dollars, USDT remains the leader in market capitalization among stablecoins.
๐นAlways conduct your own research (DYOR - Do Your Own Research) before making any trading decisions related to USDT or any other cryptocurrency. Understanding potential risks is key.