USDT Tether is a cryptocurrency for everyday life
A universal payment method with complete confidentiality.
It is not easy for investors to hold cryptocurrencies as many of them are incredibly volatile. According to critics, price volatility makes them unsuitable for everyday use.
This is the reason Tether USDT exists. This coin is designed to enable people to enjoy the benefits of the crypto industry without being affected by unpredictable prices and volatility.
In addition, users and investors can buy goods and services around the world with Tether. International online stores accept Tether as a valid payment method.
This article covers everything you need to know about Tether for buying services and goods and answers some basic questions.
What is Tether?
Tether is pegged to a fiat currency, which is the US dollar. Because of this, Tether is called a stablecoin or stablecoin. This type of coin is different from standard cryptocurrencies such as bitcoin and ethereum, whose prices fluctuate significantly and whose value is constantly influenced by political and economic events.
Such a digital asset is designed to be literally pegged to the value of the fiat currency it represents. In other words, each Tether token should be worth one dollar at all times—hence the stability.
There are currently three Tether currencies: USDT (pegged to the US dollar), EURT (pegged to the euro), and YENT (pegged to the Japanese yen).
So if you have 100 USDT, you can buy $100 worth of goods or services. We cannot say the same about Bitcoin and most other cryptocurrencies.
History of Tether
The history of Tether begins with the Realcoin project. Realcoin entered the market with a white paper in July 2014. This document caused a huge stir among the community for several reasons. In addition to the revolutionary technical aspects, the authors of the document are some of the most authoritative people in the crypto community. In particular, Brock Pierce, Reeve Collins and Craig Sellars.
Interestingly, the Realcoin name did not last very long. In November 2014, a Santa Monica startup renamed the project to Tether.
Why pay with Tether?
Currently, Tether is the best way to store digital money, which has all the advantages of blockchain technology. This global, semi-decentralized cryptocurrency provides fast and secure transactions with zero volatility.
Tether has extensive integration with various exchanges and service providers. Tether is equally accessible to traders, blockchain companies and cryptocurrency enthusiasts. The USDT architecture also allows it to accept crypto payments.
Secure wallets and confirmation protocols make your transactions secure. It is also worth mentioning that using Tether instead of fiat money helps to save a lot on transactions.
By the way, you can store dollars, euros and yen in Tether. More importantly, you can spend Tether on your favorite goods and services and enjoy low fees.
What is the advantage of mutual settlements in USDT?
Not high commissions: Accepting payments in cryptocurrencies costs much less than traditional fiat processing.
Unrestricted: The decentralized nature of cryptocurrencies does not allow them to be banned or restricted.
Popularity: Cryptocurrencies are becoming an increasingly popular means of payment. The daily turnover of cryptocurrencies in the world reached 142 billion dollars.
Without borders: Cryptocurrency transfers work the same way around the world.
Fast transactions: Upon receipt of funds, they are immediately (after confirmations by the blockchain) credited to you and become available for use. No rolling reserve.
Tether is hugely popular and easy to buy on any cryptocurrency exchange. If you want to buy goods and still maintain your privacy with minimal fees, USDT can be a good place to start.