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Tether (USDT) is a stablecoin pegged to a fiat currency such as the US dollar, with a 1:1 value equivalent to the US dollar. It is widely used in the cryptocurrency market, mainly as a medium of exchange and a store of value. Here are some advantages and possible risks of Tether:

Advantages

1. Stability: Since USDT is pegged to the US dollar, its price is relatively stable, avoiding the high volatility common in other cryptocurrencies. USDT is an ideal choice for investors who want to keep their assets stable in the cryptocurrency market.

2. High liquidity: USDT is accepted on almost all major cryptocurrency exchanges, including Binance. Its high trading volume and liquidity make the buying and selling process very convenient.

3. Trading intermediary: Many traders use USDT as an intermediary currency for trading between different cryptocurrencies to avoid the risks brought by market fluctuations.

4. Transfer efficiency: Compared with traditional bank transfers, USDT transfers made through the blockchain network are faster and have lower fees, especially in cross-border payments.