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Everything you need to know about the USDT digital dollar and how to buy it
The world of crypto has become very famous. However, this world is very volatile and the prices of digital currencies are in constant rise and fall. This makes dealing with digital currencies difficult and unrealistic. For this reason, stablecoins emerged to facilitate transactions in the world of cryptocurrencies. Let’s get to know more about the most famous stablecoin, which is the USDT digital dollar.
There is a significant difference between the USDT digital dollar and a currency like Bitcoin or Ethereum. The purpose of USDT is to provide a price-stable alternative at all times for conducting transactions on the blockchain easily. Therefore, do not expect price increases from buying USDT, unlike Bitcoin, where those who buy Bitcoin expect its price to rise so they can sell it later. As for USDT, most of the time it can be stored on centralized platforms to earn annual returns through lending to others.
For example, the price of Bitcoin in October 2023 was around $21,000. Currently, its price in 2024 is in the range of $90,000. This significant price difference makes many people prefer not to use digital currencies due to high volatility. However, this fact changed a little in 2024 with Wall Street's entry into the world of digital currencies.
