Why buy Tether USD (USDT)
You may decide to buy Tether (USDT) to keep the value of your crypto holdings more stable. USDT is the most capitalised and used stablecoin in the world. This kind of crypto allows you to take advantage of the benefits of the blockchain, avoiding high price volatility. The price of a stable (as these cryptocurrencies are called in jargon) is pegged to a fiat currency (such as the dollar) or the price of commodities such as gold. Buying Tether (USDT) can be a way to protect oneself from the inherent volatility of crypto but at the same time maintain one’s monetary value within the market.
What is Tether USD (USDT) and how it was born
Tether is the brainchild of JR Willet, a software developer and cryptocurrency enthusiast as well as the first originator of the ICO (Initial Coin Offering) mechanism. Willet together with his group of developers, the Omni Foundation, created Tether (USDT) in 2014.
This is a cryptocurrency designed to remain pegged to the value of the dollar. This anchor, the so-called peg, is secured by assets, in dollars, held by the company that issues it. The stablecoin is in fact collateralised, i.e. backed by physical reserves. On the official website of Tether (USDT), under the ‘Transparency’ section, it is possible to see all the assets that the company owns and find out all the useful information for those considering buying, for example.
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