a little explanation about the USDT coin [ STABLE COIN ]
as we know that digital assets from the cryptocurency world are very sadistic, sometimes in a day they can experience very high price increases and vice versa, therefore we need coins that can set their prices or are called stable coins. stable coins are coins whose price movements tend to be more stable than other coins, for example, USDT BUSD coins and so on.
.jpeg)
In this post I want to explain about the USDT coin, the USDT coin itself is a stable coin launched by tether in 2014, tether is a company that operates a platform by issuing blockchain-based digital assets related to government currencies, tether is also known as the first company to launch a stable coin in the crypto market.
There are several reasons why stable coins are launched.
According to my understanding the first is to make it easier for us to transfer our national currency.
The second is to create stable coins in the crypto market.
The third is another option for crypto asset payments
The advantage of the USDT coin is that it is easier for us to exchange money at a lower cost, as well as many other coins that we can exchange with this USDT coin, if we compare it with BTC or ETH it tends to be better to use USDT because it costs more inexpensive.
Greetings @razzor no doubt stable currencies allow us to back our capital from market fluctuations, hence the importance of managing how a currency like USDT works.
Entertaining reading. May you be well and have a great Christmas.
Greetings...
yes, greetings back @madridbg, for now I think it is very beneficial for those who hold USDT because this is promo time to buy the coins we like.
Oh yes sir I am a Muslim
Greetings @ razzor
By using USDT allows you to have a balance in your finances , as you lose your resources because it always remains at 1 dollar relatively. Doing transactions between other currencies and then change the profit to USDT is the most recommendable thing to do.
Thank you very much for sharing your publication.
thank you also sir for supporting me, this post is actually for learning for me, so I don't forget to look forward to it if needed, happy greetings for the new year
Greetings @razzor, it is a very good idea to keep part of our resources in stable currency, plus a capital destined to trading, the rest of the capital in tokens, so we avoid risking more money than the account, at times when the markets make those big drops in price.
yes i understand sir, unfortunately i don't have real money at the moment, even though i think this is the right time to buy steem.
Hello @razzor,
In my country this is one of the preferred currencies for its stability and exchange parity, it is something like having USD but digital, and many transactions currently in my country are being agreed in USDT.
Some people are even using it as a savings mechanism instead of saving other cryptocurrencies
I didn't think the USDT coin was like a piggy bank there, actually it's a cool idea to save money.
USDT isn't any cheaper than other cryptocurrencies as it's basically token on multiple other blockchains, it doesn't have own blockchain... Early Tether tokens were based on Omni protocol which was pretty much extension to Bitcoin. After that came Ethereum/ERC20-based Tether followed by Tron/TRC20-based Tether and others...
Sorry if I said it wrong, I'm new to the world of cryptocurrencies, the problem was that I didn't really know much about it. Oh yeah thanks for the information.