USDT

Stablecoin tether (USDT) has the price of the dollar.

What is USDT

USDT, also known as Tether, is a cryptocurrency known as a stablecoin, designed to maintain its value tied or "tethered" to the value of a fiat currency, such as the US dollar. This means that 1 USDT should always be worth 1 US dollar.

The stability of USDT makes it an attractive option for those who wish to conduct transactions in cryptocurrencies without being affected by the extreme volatility that characterizes many other cryptocurrencies, such as Bitcoin or Ethereum. By having its value linked to the dollar, users can rely on the fact that the value of their assets in USDT will not fluctuate significantly in short periods of time, making financial planning and transaction execution easier.

Advantages of USDT over the USD dollar

Privacy: Although transactions on the blockchain network are public, USDT allows users to conduct transactions relatively anonymously. Unlike some other cryptocurrencies, USDT offers a certain level of privacy by allowing users to transact without revealing their identity and without exposing their data to intermediaries.

Low transaction fees: USDT can be transferred between digital wallets with minimal transaction fees compared to traditional bank transactions or even other cryptocurrencies that may have higher fees due to network congestion.

Speed: Transactions in USDT are processed quickly (seconds) compared to international bank transactions, which can take several business days.

Control over funds: By using USDT, users have full control over their funds compared to traditional bank accounts, as they are not subject to banking restrictions and regulations. Users can access and transfer their funds at any time without relying on financial intermediaries.